fter months of on-again, off-again discussions with would-be suitors such as EA, Take-Two’s board of directors has announced that the company would continue its operations independently. Citing the success of GTA and more than a dozen of its other IPs, members of the board said that it’s in the best interests of its shareholders if Take-Two forges on alone.

"Take-Two's Board of Directors and management have a clear mandate from stockholders to maximize value," said Strauss Zelnick, chairman of the board of Take-Two. "We are strongly positioned creatively, financially and competitively to benefit from the opportunities we see in the fastest growing segment of the entertainment industry. 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. We remain focused on maximizing value for stockholders and are executing on our business strategies in a determined manner."

Ben Feder, CEO of Take-Two said, "Take-Two's recent performance demonstrates our potential to create value for the long term. We have delivered solid financial results and expanded our portfolio of leading titles, which includes the powerful Grand Theft Auto franchise, as well as 15 other wholly owned brands with sales of more than one million units each. Our strong cash position – with no debt and an undrawn $140 million credit facility – 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."