Take-Two offers options to Zelnick

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Video game maker Take-Two Interactive Software has revealed in a regulatory filing that it has amended an agreement with ZelnickMedia Corp., the media firm of Take-Two chairman Strauss Zelnick that provides financial and management consulting services to the company.

Take-Two's Friday filing stated it is now required to grant to ZelnickMedia an option to purchase a number of shares equal to 2.5% of its outstanding common stock and shares of restricted common stock. The amendment says that the options will be granted on Aug. 27, the last possible day under the terms of the agreement.
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