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The Deal on deck: Probing Take-Two’s vulnerabilities

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Published March 20, 2007 at 3:31 PM
Take-Two Interactive Software’s weak anti-takeover defense puts the video game publisher at the mercy of dissident shareholders seeking control.

While Take-Two has put off its day of reckoning by delaying its annual meeting until March 29, in reality the company’s governance policy allows for shareholder action in lieu of a meeting, so long as a majority back it.

The shareholder-friendly provision constitutes “gaping hole in their defenses,” according to one observer.

Full coverage coming later on TheDeal.com and in The Daily Deal.

Related story: Shareholder revolt brews at Take-Two

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