Take-Two stock falls sharply following announcement of BioShock 2 delay

By Stephany Nunneley, Tuesday, 14 July 2009 18:13 GMT


Take-Two shares have fallen after yesterday’s announcement of the BioShock 2 delay into 2010.

During the day, stock in the company rose 1.6 percent, with after hours transactions bringing the stock down by 13.1 percent following the announcement.

Along with BioShock 2, Mafia II, Max Payne 3 and Red Dead Redemption will now be published in the company’s fiscal 2010 period, which starts in October of this year.

Currently stocks are at $8.12, down from down from $8.98 (-9.58 percent) during yesterday’s close, valuing the company at around USD 720 million. These figures are up from $7.80 which was reported earlier this morning.

Thanks, GI.biz.

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