Take Two Interactive returns to NASDAQ listing

Posted Apr 10, 2007 at 3:51PM EST by QJ Staff

Listed in: Wii, PS3, Xbox 360, PC Gaming Tags: Activision, NASDAQ, THQ

Take Two Interactive regains investor trust, back in NASDAQ listing - Image 1

From an official press release, Take Two Interactive has announced that NASDAQ has contacted them and confirmed that they are back on the NASDAQ Stock Market listing. Once again, Take Two Interactive can regain the confidence of stock holders and investors while keeping their common stock listed at the NASDAQ Global Select Market, under the registered key of TTWO.

Suffering from a financial support loss stemmed from "significant" backdating stock grants back in late 2006, the publisher went from downsizing to as far as considering to sell the company to the highest bidder.

Issues with someone-who-will-not-be-named-here also was of no help, poking into the integrity and reputation of the company that attempted to bring Grand Theft Auto to every gaming platform available.

Take Two Interactive is now happy to be back on track again with creating great games for next-gen console and computer gamers. Ben Feder, acting CEO for Take Two Interactive, said, "We are pleased to put this issue behind us. The new management team and Board of Directors intend to resolve all outstanding regulatory issues as quickly and effectively as possible."

Aside from Take Two, Apple, THQ and Activision are also some big companies that are hot in NASDAQ's "fix your financial issues!" list. Let's hope there's also a good ending for them in sight, for there are a lot of titles hanging on a fine thread that could die just to conspicuous Q-10 reports.

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Take Two Interactive returns to NASDAQ listing

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