Carl Icahn Ups His Stake in 'Grand Theft Auto' Studio Take-Two Interactive

4:23 PM PST 11/13/2012 by Paul Bond
Rick Maiman/Bloomberg/Getty Images
Carl Icahn

The billionaire investor owns 12.9 percent of the video game company.

Carl Icahn, who made waves a few weeks ago by disclosing he had taken nearly a 10 percent stake in Netflix, has upped his position in Take-Two Interactive Software, the video game company behind the Grand Theft Auto franchise.

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Icahn, a billionaire investor regarded in some circles as a corporate raider and others as an activist shareholder, upped his stake in Take-Two to 12.9 percent, according to a regulatory filing Tuesday. He previously held an 11.7 percent stake, and a week ago he had less than 10 percent.

Icahn purchased 767,300 shares of Take-Two on Monday and 330,900 on Tuesday, paying $11.44 per share and taking his overall position to more than 11.7 million shares, according to the filing.

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Shares of Take-Two, which have fallen 28 percent in the past eight months, rose 6 cents Tuesday to $11.51 but were off 3 cents in after-hours trading.

 

 

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