I say TT is also porting GTA IV to the Wii to sell more copies never hurts.

Oh heck I realize that.  Plus MS is in the habit of buying exclusives while Sony is not, but I wanted to give the Sony fans a least a little ray of hope.  Thanks for crushing it completely. 

That is an interesting point ...

What would cause a company that is so close to going bankrupt to spend an additional $5 to $10 Million on a game, and potentially run out of money before it is released? Realistically speaking, it would have to be caused by a problem large enough that it seriously risked the sales of the game ...

I would personally suspect that the problem was that there wouldn't be enough completed, high-quality, content ready to release the game in October and it was delayed in the hopes that they could drastically increase the ammount of content in a short period of time; if this is the case there is still a reasonably high risk the game could be delayed further which would risk all of Take 2.

They will get purchased, not go bankrupt. If the earnings are really bad next quarter, the stock price will crash and become so cheap that they will become an attractive takeover target. Companies are basically playing a waiting game to see how cheap they can buy them for.

 So the next question could be : Who ?

32 percent?! Dear Lord, that's unbelievably bad. No one wants to own stock in this company, it seems. Can't blame anyone, since I certainly wouldn't waste my money on Take-Two!

Having worked (briefly) for Firaxis Games, which is a developer owned by Take-Two, I want to re-emphasize TheBigFatJ's comments. When we were working on Civilization 4 (published by Take-Two), we were given a firm release date by which the game absolutely HAD to be done in order to be on shelves in time for Christmas 2005. As it turned out, the game actually wasn't ready, but the publisher forced it out anyway, causing some serious compatibility problems with various graphics cards. To Firaxis' credit, they fixed things pretty fast with some patches, but the fact remains that Take-Two was very insistent on having our game release on schedule.

So in other words, from my own experience, I also surmise that something very wrong happened with the development of Grand Theft Auto 4. The game really can't be delayed again, so I suspect that the developers are working under extreme pressure right now. It makes you wonder how a company that receives so much praise from critics can turn out to be so poorly run. (I suspect that Take-Two's strategy of "make nothing but high-budget extravaganzas" is what's killing them, at the same time that it makes them gaming media darlings!)

Something REALLY bad had to have happened with GTA4 then.

Take-Two needs a red ribbon and a "for sale" sign at this point. They'd better stay alive before GTA4 saves them.

Too bad the "save the children!" crowd will tout this as a victory.

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Didn't Take 2 receive $50 million from Microsoft? I don't know the extent of their activities, but shouldn't that be a significant amount of money for them? It's a bit surprising that they're in such difficulties after receiving that money, I guess they really needed it!