– Activist investor Carl Icahn has purchased an additional million shares of
video game publisher Take-Two Interactive (NASD: TTWO), Silicon Alley Insider reported,
citing a regulatory filing.
Icahn previous paid about $70.6 million for 9.1
million shares and an 11.3% stake in Take-Two, saying that he believed the
company was undervalued.
In recent days, Icahn paid about $9.20 for the
additional shares, and now owns about 12.3% of Take-Two.
Icahn also recently
won the right to seat three directors on the company’s board.
(Silicon Alley Insider)
(DMW previous coverage)