Take-Two (TTWO) Jumps on Grand Theft Auto IV Release Date News

January 24, 2008 2:16 PM EST
Take-Two Interactive Software (Nasdaq: TTWO), the parent company of Rockstar Games, is surging today as a result of Rockstar North announcing the release date for Grand Theft Auto IV, obviously the fourth edition of its extremely popular "genre-defining" franchise.

The Take-Two game will be released worldwide on April 29, 2008 and will be available for both the PlayStation(R)3 and the Xbox 360(R).

Shares of Take-Two gapped open almost 10% higher, and have since traded near this level. Take-Two most recently traded at $15.82, up $1.36 in today's trading session.

Sam Houser, Founder and Executive Producer of Take Two's Rockstar Games, said, "We've pushed ourselves very hard to make something incredible and hope the game sets a new benchmark for interactive entertainment."

Take-Two Interactive Software, Inc. engages in the development, publication, and distribution of interactive software games designed for personal computers, video game consoles, and handheld platforms worldwide.

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