Take-Two investors to take control of Take-Two

From the how many times can we say ‘take’ in one news story department comes word that Take-Two’s investors are attempting to wrestle control of the company away from Paul Eibeler.

Quote:

The investors own 46% of Take-Two and have said they will try to install Strauss Zelnick, the ex-chief executive of BMG Entertainment – which sold its own gaming arm to Take-Two in 1998 – as non-executive chairman.

They will also aim to oust chief executive Paul Eibeler and review the position of chief financial officer, Karl Winters, documents filed with the US Securities and Exchange Commission said.

A Take-Two spokesman would not comment on the move.

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~ by Mike on March 8, 2007.

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