Carl Icahn Buys Take Two Interactive (TTWO) Yet Again ~ market folly

Friday, March 26, 2010

Carl Icahn Buys Take Two Interactive (TTWO) Yet Again

Today seems to be repeat transaction day here at Market Folly. First, we saw Warren Buffett's Berkshire Hathaway selling Moody's (MCO) shares for the second time this week. And now we see that Carl Icahn, through his various investment vehicles, has again purchased shares of Take Two Interactive (TTWO) for the second time this week. We just covered his previous transaction and now see that Icahn purchased more shares on March 22nd. Icahn added 36,653 more shares at a price of $9.96. This brings his total ownership to 11,620,526 shares in the video game maker as he seeks to institute change to generate shareholder value.

Taken from Google Finance, Take Two Interactive is "a global publisher, developer and distributor of interactive entertainment software, hardware and accessories. The Company’s publishing business consists of Rockstar Games, 2K Games, 2K Sports and 2K Play publishing labels. The Company develops, markets and publishes software titles for gaming and entertainment hardware platforms."

For more from everyone's favorite corporate raider, head to Icahn's investor letter as well as the rest of his portfolio.

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