Take-Two's (Predictable) Profit Surge

The publisher of megahit Grand Theft Auto IV swings to a Q2 profit of $98.2 million, amid a hostile takeover bid from rival Electronic Arts

Crime pays. High on the success of its gangland epic Grand Theft Auto IV, Take-Two Interactive announced on June 5 surging second-quarter results, reporting net profits of $98.2 million, or $1.29 per share. The results painted a stark contrast with the same period last year, when the company faced net losses of $51.3 million.

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