Fund takes 5.3 percent stake in Take-Two

By Patrick Garratt, Thursday, 26 June 2008 06:32 GMT

According to this AP piece, a group of funds controlled by financier Steven Cohen has taken a 5.3 percent stake in Take-Two, revealed by an SEC filing yesterday.

He move had nothing to do with influencing the ownership of the publisher, Cohen said, and it thought to have cost aroun $107 million.

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