Strauss Zelnick: Take-Two will remain independent
After a long drawn out battle to stave off Electronic Arts‘ takeover bid, Take-Two chairman Strauss Zelnick laid down the final word on Take-Two’s status as a company, announcing that they have decided to remain independent after all.
This morning, Take-Two chairman Strauss Zelnick laid down the final word on Take-Two’s status as a company, deciding to remain independent after all.
“Our management and outstanding and talented employees have maintained an unwavering focus on our products and our business through this lengthy strategic review process and we are confident in our prospects,” said Zelnick.
Take-Two CEO Ben Feder also added the following:
We have delivered solid financial results and expanded our portfolio of leading titles…with no debt and an undrawn $140 million credit facility [this gives] us the financial flexibility to continue to do what we do best: innovate and create the great games that our customers have come to expect.
A full stable of big names, lots of money, and no debt? Looks like Take-Two has quite a future ahead of it.
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