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Reuters has the details, read the full press release, right here.

Quote:
"Take-Two Interactive Software Inc (TTWO.O: Quote, Profile, Research, Stock Buzz), until recently an acquisition target of bigger rival Electronic Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz), plans to remain an independent company, the makers of the popular "Grand Theft Auto" series said on Thursday.

Take-Two said the decision following detailed discussions with "various interested parties" over the last five months.

"Take-Two's Board of Directors has determined that it is in the best interests of stockholders to conclude its review of strategic alternatives and to continue operating and building Take-Two as an independent company," the company said."

Member Comments
# 1 bigfnjoe96 @ 10/02/08 02:05 PM
Good for them...
 
# 2 Cod @ 10/02/08 02:38 PM
Finally, a company that says STFU to the buyouts and remains true to their roots. Hopefully this will end up being a benchmark for future companies that put out great games.
 
# 3 yamabushi @ 10/02/08 03:02 PM
I only care if this gets me a new 2K football game.
 
# 4 Scott @ 10/02/08 03:56 PM
Good news...I hope they continue to put out quality games
 
# 5 JohnDoe8865 @ 10/02/08 06:10 PM
Great news for sports gamers.
 
# 6 bkfount @ 10/08/08 01:05 PM
maybe now they can get around to announcing when the GTA DLC will be out.
 

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