Something is afoot here for him to make this move. The guy is one of the most activist owners, and a 11.3% ownership is alot of clout for him to push forth his agenda, in fact I think he might be the biggest shareholder at this point. The key issue is what's on the horizon that makes him think this is a good investment? sure, they have Bioshock 2 and Red Dead Redemption, but there's not another GTA on the horizon, and Ichan has a very chummy history with the current CEO of TTWO. The question is WHO has the clout to buy the company...EA is too busted, and I doubt Activision-Blizzard wants this messy acqusition, so basically, who has at least an extra billion dollars lying around to spend?
The outlook doesn't look like somehting to spent this kind of money on:
http://dealbook.blogs.nytimes.com/2009/12/18/is-icahn-setting-his-sights-on-take-two/?partner=yahoofinance
Mr. Zelnick told Reuters in an interview on Thursday that the company expected to incur a second consecutive annual net loss in fiscal 2010 as it continued to feel the pressure of weak economic conditions.
He said the company was looking at ways to cut costs, but that it was not planning layoffs.
"...You can't kill ideas with a sword, and you can't sink belief structures with a broadside. You defeat them by making them change..."
- From By Schism Rent Asunder
