Take-Two Interactive Chairman Strauss Zelnick may have a new best friend. Activist investor Carl Icahn has been gobbling up shares in the video game publisher best known for the wildly popular Grand Theft Auto series.
Icahn is known for his sharp elbows. Earlier this year, he threatened to wage a proxy battle to elect a new board of directors at Lions Gate Entertainment and previously tangled with management at several media companies, including Yahoo and Time Warner. On Thursday, Icahn revealed in a Securities and Exchange Commission filing that he has taken an 11.3% stake in the money losing publisher Take-Two.
