shares were up on Monday by more than a dollar, enough to surpass EA's takeover bid from several weeks ago. The market seems to be responding well to positive reviews of the latest installment of Take-Two's controversial franchise, Grant Theft Auto, with the company trading at $27.10 at one point.
It seems like Take-Two's appeals to shareholders not to sell their stake yet, made following the rejection of EA's takeover offer, were sound. In any case they should probably keep their expectations low, as Take-Two's share price has already seen nearly 50% of growth following the bid.
Apart from getting positive reviews, the new game is also getting flack from all sides for its graphic, violent content. The New York Times calls it "violent, intelligent, profane, endearing, obnoxious, sly, richly textured, and thoroughly compelling work of cultural satire disguised as fun." We don't know what the conservative Post thinks of it, but we're pretty certain it appreciates the lack of gun control in it.
We're still waiting for Jack Thompson's take on Take-Two's latest bloodbath, but he's probably too busy with the disbarment proceedings in Florida. He will be missed, in a strange masochist way.