Ichan snaps up more Take-Two shares

MCV Staff 29th January 2010 Business News

Talk of an imminent buyout of Rockstar owner Take-Two has gained more weight with news that American billionaire Carl Icahn has purchased over a million additional shares in the publisher over the past three days.

The new purchases mean he currently owns just over 12 per cent of the company.

The move follows the removal of Take-Two directors Ben Feder, Grover Brown and John Levy at the request of Ichan last week. His son, Brett Ichan, is amongst those nominated to take their place.

Ichan’s other business interests include rental specialist Blockbuster, where he is a director, as well as the likes of Time Warner, Western Union, Viacom, Motorola and Marvel.

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