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Release Date: 4Q 2012
 
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Investors Rushing to Buy Take-Two Shares Ahead of GTA V Release

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Posted on January 4, 2013 AT 06:55am

Two investment companies have increased their stake in Take-Two in preparation for the release of one of the most anticipated games in history, Grand Theft Auto V.

Citadel Investment Group has increased its stake in Take-Two to six percent following a spending spree over the holiday period, and investment group Carl Icahn has recently acquired 8.7 million shares in the company. It doesn’t take a genius to work out why–Grand Theft Auto V has the entire gaming world in a spin and should easily break most records when it finally launches later this year.

Take-Two’s stock price has risen from $7.82 to $11.88 over the past few months. Grand Theft Auto V is due to release spring 2013 for Xbox 360 and PlayStation 3, with a PC release date still yet to be determined.

Via: CVG

Matthew Bennett, Associate Editor
Matthew Bennett has only been covering the gaming world for a short while, but he’s eager to make his mark. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

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