The activist investor's many organizations bought up shares for a total price of $79.9 million, giving him 9.57 percent ownership in the gaming company.
The game publisher's chief operating officer says that it's a "very attractive investment for anybody," causing speculation it might be open to an acquisition.
Ben Feder and his family plan to travel in Asia "for an extended period," the company says, and its chairman, Strauss Zelnick, will take over as chief executive.
Game company's CEO expects revenue to be increasingly dominated by digital sales. That said, he doesn't expect the trend to hurt physical game sales.
Take-Two CEO Ben Feder had some interesting things to say about the Wii, the PlayStation Move, and the embarrassment kids have in a Wii-only gaming environment.
Company behind Grand Theft Auto agrees to pay a $3 million penalty fee to settle its case with the Securities and Exchange Commission, the agency announces.
The video game publisher posts a wider quarterly loss and forecasts a sharp drop in sales revenue for the current quarter.
Game companies are licensing the graphics chipmaker's PhysX engine technology, which is designed to make game objects respond in a realistic way to physical events.
Video game industry should pin its financial hopes on microtransactions, downloadable content, and subscriptions, Take-Two's executive chairman says.
After facing a hostile bid from EA and entertaining talks with other potential suitors, game maker announces that it will pursue continued growth on its own.