Fri, Apr 18, 2008 | 09:12 BST

Take-Two AGM: Zelnick takes two questions then shuts meeting

In what pretty much sums up the entire Take-Two AGM last night, Gamespot brings word that chairman Strauss Zelnick answered only two shareholder questions before shutting up the meeting.

The floor was then opened to stockholders’ questions–of which there were only two. First, Zelnick declined to answer a query as whether Take-Two had entered into any confidentiality agreements with other potential buyers, as it has previously publicly hinted. Secondly, he refused to comment on today’s announcement that the Federal Trade Commission was investigating the possibility that an EA takeover could violate antitrust laws. Then… the meeting was unceremoniously adjourned, leaving analysts and reporters to ponder Take-Two’s next move.

Brilliant. Read the rest of last night’s happenings here, should you be bothered.

Take-Two AGM: “Take-Two is worth more than $26 per share,” says Zelnick

Thompson stands up to help EA evict “Zelnick Trojan Horse”

Take-Two AGM: Listen to the full meeting online

4 comments

Shatner
18/04/08, 6:57 am

This sounds amazingly dodgy.

Companies are answerable to their shareholders. In fact, shareholders ARE the company. The behaviour of Zelnick throughout events seems petulant, greedy and entirely self-serving – particularly in respect of the huge inflation of bonus that ZelnickMedia stands to gain if they can keep EA out of things.

Zelnick’s responses and attitude suggest he is looking after his own interests at the expense of the company’s.

Blerk
18/04/08, 8:14 am

They must’ve been delaying the EA assault team in the foyer.

patlike
18/04/08, 8:33 am

It’s not looking very much as though this EA thing’s actually going to happen, is it?

Chinster
18/04/08, 10:05 am

After all the publicity of airing the AGM live, I’m really puzzled now as to what Zelnick hoped to achieve.

I’m even more puzzled about whether or not he actually achieved it!

/scratches chin(ster)