Carl Icahn Continues Acquiring Take Two Interactive (TTWO) Shares ~ market folly

Wednesday, April 7, 2010

Carl Icahn Continues Acquiring Take Two Interactive (TTWO) Shares

Yet again, Carl Icahn has bought more shares of Take Two Interactive (TTWO). In a Form 4 filed with the SEC, we see that Icahn's various investment vehicles purchased 168,700 shares of TTWO at $9.98 per share. The transaction took place on April 1st, 2010 and he now collectively owns 11,789,226 shares through his mix of investment funds and partnerships. This comes after we recently covered how Icahn has been adding TTWO shares repeatedly as he looks to shake-up things at the company to increase shareholder value.

The legendary rabblerouser and corporate activist has been quite active in the investment arena lately as he recently dumped his Blockbuster (BBI) shares and has been seeking to acquire Lions Gate Entertainment (LGF). You can read some of his investment theses and insight in Icahn's investor letter if you're interested in learning more. In the mean time, we'll continue to watch if he can institute change at TTWO and will monitor the SEC filings for the next time he purchases shares. Because if his rate of buying is any indication, it doesn't look like he's done yet.

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 hedge fund Icahn Partners, check out Carl Icahn's portfolio.

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