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Icahn takes cash from Take-Two

Tuesday, November 26, 2013 - 01:01

Nov. 26 - Take-Two Interactive is buying out billionaire investor Carl Icahn for over $203 million, adding to his list of successful investments this year. Conway G. Gittens reports.

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Carl Icahn scores another pay day - this time with Take Two Interactive. The video game publisher behind the successful Grand Theft Auto franchise is paying over $203 million to buy out the billionaire activist's stake of 13 million shares. Just last year, Icahn boosted that investment, buying 4.4 million shares at about 11 bucks a piece, according to the New York Times. On that alone, he makes off with about $26 million, based on Monday's closing price, the paper estimates. Add that and more to the roughly $800 million Netflix brought him when he reduce his stake in the digital media company back in October. Also, hefty paper gains on Herbalife and Apple after revealing stakes earlier this year. But Icahn's not always a winner. Dell gave him a black eye in a fight to keep the computer company from going private.... And he watched his stake in Blockbuster fade to black when that company filed for bankruptcy in 2011.

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Icahn takes cash from Take-Two

Tuesday, November 26, 2013 - 01:01