GTA 4: $500 Million First Week

Author
Aron Schatz
Posted
May 7, 2008
Views
2089
Tags Games GTA

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Crazy! I bought the game and can't even play it yet. Sales have outdone even Halo 3. Remember that GTA 4 was released for the PS3 and Xbox 360.

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The significance of the sales extends beyond buoying Take-Two, a company that has had its share of legal, financial and management struggles in the last few years. The company is the subject of a $2 billion hostile takeover effort by Electronic Arts, which is offering Take Two shareholders $25.74 a share for control of the company. If Take-Two can exceed sales expectations on Grand Theft Auto IV, it has the potential to drive up the share price and force Electronic Arts to raise its offer. On Tuesday, Take Two’s shares closed at $26.35, up 29 cents.


I really hope they continue to shun a takeover from EA. EA sucks.

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