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ZelnickMedia payout draws Wall Street's attention

According to this, ZelnickMedia, the investment firm in charge of Take-Two, engineered a new payout system for itself shortly after EA put in its first offer for the publisher. In the event of a sale, the report says, ZelnickMedia would now get a large payout.

The news has obviously drawn attention from regulators overnight, especially given ZelnickMedia Strauss Zelnick's refusal to accept EA's terms despite a huge premium being placed on the offer.

"The size and timing of the compensation boost for the firm, ZelnickMedia Corp. of New York, is drawing attention from analysts and corporate governance experts, in part because of provisions in ZelnickMedia's agreement that could give it a big payout in the event of an acquisition such as the one EA is proposing," said the report.

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