Take-Two boss Zelnick under fire

EA take-over deal stirs emotions

Take-Two CEO Strauss Zelnick is in the firing line, Marketrap accusing the executive of running the GTA publisher badly, and of misleading the markets about the firm's future.

The new report implies that Zelnick either lied to investors or just did a very bad job, criticising in particular the big cheese's handling of last year's attempted EA take-over.

"Mr Zelnick managed to resist and reject [an EA] buyout offer that was triple the company's current share price while claiming other interested parties who never emerged," reads the report.

Zelnick went to great lengths to prevent EA's take-over of the company, despite a number of large investors arguing that the rival game maker's offer represented good value - something seemingly borne out by the PLC's current share price.

Take-Two do of course own GTA makers Rockstar, which makes them a desirable target for rivals like EA, who view the series as one of gaming's most valuable.

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