25th October 2003, 10:13 AM
Quote:Take-Two Interactive, notorious publisher of the Grand Theft Auto series, is expected to complete the $22.7 million buy-out of TDK Mediactive the first week of November. Take-Two reportedly has no plans to change the line-up of games coming out of TDK, only possibly expanding it. TDK, deemed unprofitable by business analysts, lost $8.3 million last fiscal year. This is definitely an interesting business move for Take-Two. Either they are trying to lighten up their public image, or they really enjoy losing money.
I'd say the reason for this move is that Take-Two wants to lighten their image some.
N-Philes
Sometimes you get the scorpion.