Hedge fund SAC Capital has reported that it now owns a 5.3 per cent stake in Take Two.
The firm said in an SEC that it had acquired 4.1 million shares, worth about $108 million, for investment purposes.
Earlier this month, EA extended its $2 billion takeover offer for Take Two until July 18th to allow the Federal Trade Commission to review the deal on antitrust grounds.
![trop [Industry news] Trophy Games Makes Its Largest Acquisition Ever - and Upgrades Its Outlook](https://mcvuk.com/wp-content/uploads/trop-310x165.png)
The Danish publicly traded computer game company Trophy Games is acquiring the French game developer Playrion from Paradox Interactive. This is the largest acquisition in Trophy Games' history and will form the foundation for a new series of simulation games. At the same time, the company is raising its revenue expectations for the year to €22.8-€24.1 million . With the acquisition of French Playrion, Trophy Games gains 30 new employees and a new foundation for future growth.
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