Facing shareholder revolt, Take Two Interactive today announced it has postponed its annual shareholder meeting scheduled for March 23, 2007 until March 29, 2007, and that it's considering new corporate strategies, including the sale of the company.
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According to a column on CNN Money, potential buyers may include Activision, Ubisoft, Elevation Partners (venture capital group who owns Bioware and Pandemic), and Rupert Murdoch’s News Corp.
Shares of Take-Two (TTWO) rose more than 8% to $22.61 from its Friday close at $20.85 following the company’s announcement.