Hedge fund manager's Citadel Investment Group now reports 5.5 million shares in Grand Theft Auto parent publisher; up from 3 million in October.
With hype continuing to mount around Grand Theft Auto V, billionaire Ken Griffin's Citadel Investment Group has increased its stake in Take-Two Interactive. According to a December 28 Securities and Exchange Commission document spotted by The Motley Fool, Citadel now owns 5.5 million shares of Take-Two, up from 3 million at the start of October 2012.
Citadel now owns roughly 6 percent of all Take-Two shares. Trading on NASDAQ for the game publisher closed today up 3.48 percent to $11.88 per share.
Griffin is not the first high-profile hedge fund manager to be attracted to Take-Two with GTAV on the horizon. Citadel's deeper investment follows that of fellow billionaire Carl Icahn, who disclosed ownership of 8.7 million Take-Two shares during November 2012.
GTAV is due out this spring for Xbox 360 and PlayStation 3 and is Rockstar Games' most ambitious project to date. Electronic Entertainment Design and Research analyst Jesse Divnich believes the hotly hyped game could sell 25 million or more copies during its first 12 months.
For more on GTAV, check out GameSpot's previous coverage.
to make that kind of investment , even if stock goes up a little they can still sit on a pile of interest compounding with every penny !
Wow, sorry to hear that, Ken, I guess you miscalculated when you thought that was a fair price in exchange for your soul...
@tommy_boy9999 No, if that were the case, high profile investors would be selling shares and the share value would be going down. They're anticipating good results, so they're buying shares now so that when the stock goes up from the good results, they make a huge profit.
This game will define Rockstar and the GTA franchise as long as they make it fun again. I loved GTA 4 but found it kind of boring.
To the people thinking that they can't sell 25 million copies without it being on PC and the Wii U. They could. Its a big big projection but it could happen and come on, how many people will actually buy it for the PC? Its a waste of time and resources to launch it for that format. They will wait until they are swimming in money to port it over and let you all freely pirate it without a worry.
Seriously though. I do have my suspicions that a PC version is definitely being worked on. Those screens look to damn good to be taken from a console unless they doctored them up a lot, same with the gameplay footage. GTA 4 was a muddled blurry mess on the console for the most part, however RDR looked great. Who knows.
@WingChopMasta I don't know if you noticed, but a lot of people are hopping on the PC bandwagon. And the screens don't look THAT good, I'm a huge GTA fan but c'mon, GTA has never been known for its graphics.
Anyway, let's hope for a PC launch. This generation of consoles is coming to an end.
They expect 25 million even they Don't release it on PC and Wii u, What drugs they are sing can anyone tell me? :)
Just because a hit game comes out doesn't mean the publisher/developer's stock increases. Look at Activision. Since Blops 2 has been released, the stock has decreased, significantly so right after the game's release.
I've actually invested at least $125 into GTAV. 65 for the GameStop pre-order and 60 for the 120 gig HDD to install it on so I don't have to worry about swapping disks on my 360. There's no way they'll be able to store it on less than 3 disks.
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What a cheapskate. If it's a GTA game, you're safe doubling that, you'll triple your investment. Especially multiplat...hint hint, Rockstar.
Buy cheap, wait for huge hit, sell high. He doesn't care about the company, but he knows GTA is coming.
This guy is smart... as he knows the next GTA is gonna be BIG!!!!!!
Buy stock BEFORE GTA is released, and then sell it AFTER it's sales numbers are public!!!
Unless I did the math wrong that means Take-Two is only worth about $1.09 Billion at current share prices. That's a bit surprising.
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