Take-Two board re-elected

April 17, 2008 Shareholders of Take-Two Interactive Software re-elected the board of the video-game publisher on Thursday, signaling support of directors' efforts to fend off a $2 billion takeover bid by rival Electronic Arts. The shareholder meeting was unusual because some analysts estimated that up to 70% of Take-Two's stock changed hands after EA went public with its offer on Feb. 24, too late to meet the Feb. 19 cutoff date to participate in the meeting. (Take-Two Chairman Strauss) Zelnick's current shareholders were not allowed to vote on his pay package, EA spokesman Jeff Brown said.

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