Take-Two Taken Down 20%

These are hard times for the video game stocks. Electronic Arts(ERTS) is down about 30% in the past few weeks. The company had a rotten earnings report in May.
Today we learn that Take-Two Interactive (TTWO) has been subpeonad. According to the New York Times, the grand jury is “seeking information about a range of its business practices dating back to 2001 and the inclusion of sexually explicit material in one of its games.” The shares are down about 20%.

Posted by on June 27th, 2006 at 12:02 pm


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