Oppenheimer Funds

Major Take-Two shareholders slash stakes

According to this, Oppenheimer Funds, Take-Two’s biggest shareholder, and FMR LLC, the second largest company stock-owner, have reduced their holdings in the publisher from 23 to 11.5 percent and from 14.7 to 2.74 percent respectively. The news may undermine Take-Two management’s assertion that EA’s $2 billion bid for the company is insufficient. “To the extent […]