Home › DMW Daily › July 14, 2009

Take-Two Stock Tumbles as "BioShock 2" Game Delayed

Authored by Mark Hefflinger on July 14, 2009 - 12:01pm.
New York - Video game publisher Take-Two Interactive (NASD: TTWO) saw its stock price tumble 10% on Tuesday, a day after the company announced that it would delay the release of a key title, "BioShock 2," from the fall of this year until sometime in 2010. The company also lowered revenue projections for its third and fourth quarter, "to reflect reduced sales of catalog products and lower than anticipated initial retailer orders of new releases, due to a retail environment that is proving even more challenging than the Company's previous expectations."

 

Related Links:
http://snipurl.com/n8l1c (VentureBeat)

http://snipurl.com/n8l3f

http://www.take2games.com

Published in DMW Daily, July 14, 2009
tags: Games | Take-Two Interactive | Financials | BioShock 2 |



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