Take-Two Shares Up, Wonder Why?

Rockstar’s epic Grand Theft Auto IV is out and — by all initial accounts — brilliant. (Our review is forthcoming.) Initial reviews are nearly entirely positive and as a consequence, surprise, surprise, Take-Two Interactive’s shares are flying high. Two big questions remain: (1) how big exactly will opening day be? and (2) how will this affect Electronic Arts’ play for GTA’s maker? During mid-day trading today, Take-Two’s share price was up slightly above EA’s $26 per share offer. More to come…

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