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Joystiq

Take-Two stock takes punch after BioShock 2 delay

by Alexander Sliwinski on Jul 14th 2009 1:05PM

Shares of Take-Two Interactive took a hit overnight after the company announced BioShock 2's delay to the first half of 2010. After-hours trading saw the stock drop 13 percent. Today, during regular trading hours, the stock has hovered around a 10-percent loss.

It's unlikely that a delay of Max Payne 3 or Mafia II would have caused investors to notice. GTA IV's DLC, The Ballad of Gay Tony, would have most certainly given the market agita if it had been delayed, but it still appears ready to come out all fabulous this fall.

Source

Tags: bioshock-2, business, stocks, take-two, take-two-interactive

Reader Comments (31)

You'd think that a delay into the drought that is Spring would help sales of the title and ultimately stock prices. Must be a Fiscal Year and profits projection thang.

Investors don't realize that a better game will help Take-Two in the long run a lot more than a holiday release would.

The good news is that the stock is now under-valued due to a knee-jerk reaction from investors on this news. Time to buy some stock!

Proof that Joystiq loves iPhones.

alot of them packing iphones for e3 wasn't proof

Ehh, Chris Grant is an Apple fanboy. You can just hear the utter distain for Windows in his voice during the Podcast whenever PC games come up.

are you suggesting they..... "iPhone It In?"

BUY! BUY! BUY!!!!

The House of Pain

Now that's EXTREME STOCKING.

I also sent in a tip, though I'm not sure if this effected it much, but they confirmed that GTA V would be skipping 2010 altogether.

correction they said a MULTIPLATFORM GTA V wont release, not that it wont release

MP or not whats the difference?? you not expecting it to be on one system....surely...

Wow, all this over Bioshock 2? Right now I'm not sure about Bioshock 2, I just dont know if it can live up to Bioshock.

Yeah it's crazy that a new IP could hold so much weight. (Regardless of whether it should be made).

Look's like the pressure is on for Mirror's Edge and Dead Space.

@ Snake Robot Podium

Except, Bioshock 2 is not a 'new IP' any longer. Bioshock WAS a new IP. The sequel is not. If there was such brouhaha over the original prior to it's launch, I would agree with you. But the reason there is such a stink over the delay is because the original is already a known factor of quality. People's expectations have been set that 'Bioshock = awesome' and therefore a delay is cause for some concern.

Also, Mirror's Edge, Dead Space, Uncharted, are no longer 'new IP' since the games have already been released. Games like Borderlands ARE still new IP.

Take a second glance at that chart again. While it did drop noticeably, look at the scale. That mofo is zoomed in pretty far.

This story was brought to you by Michael Pachter.

I'm ok with the delay actually, It gives me more time to buy and play the first Bioshock. Gotta get around to that sometime...

i'll sell you mine. not that it wasn't a good game, it's just been sitting on the shelf for some time now, and it's in need of some more lovin'

You'll have more than enough time with normal difficulty you'll beat in a weekend like most.....

People trying to make money that way....sell off now and then start buying agian a few weeks before the start of the Holiday season. No Big Deal

C-C-C-C-Combo breaker!

This wouldn't have happened if they'd announced Ken Levine's new project at E3. Just sayin'.

That looked like an impressive drop until I realized it was only about 80 cents.

Sure, that's 10% of the stock's worth - so if you owned a ton of Take Two, you might have lost a little bit of capital there, but it'll come back when BioShock 2 actually comes out.

I really dislike it when charts are crazy blown up to throw a gain or loss way out of proportion.

I don't know if you can blame that all on Bioshock 2. I hear Tim Geithner muttered something asinine around the same time.

Well, I guess we know why recent Eidos and Midway games always felt like they needed a little more time in the oven. Thanks capitalism!

Misleading graph is very misleading..

ouch

I wouldn't sweat it it looks like T2 has some good games up their sleeves, and if i had enough money i would be buying some T2 stock right now cause by the winter you WONT be regretting it.

TTWO might be a buy now:

http://www.minyanville.com/articles/MSFT-ERTS-sne-ttwo-ntdoy/index/a/23542

2010!!???

Well, crap.

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Breaking News

Take-Two stock takes punch after BioShock 2 delay

Reader Comments (31)

Posted: Jul 14th 2009 1:10PM Hunter2223 said

Posted: Jul 14th 2009 1:56PM JayVe said

Posted: Jul 14th 2009 1:15PM Zinger314 said

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Posted: Jul 14th 2009 2:02PM Snake Robot Podium said

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Posted: Jul 14th 2009 1:31PM Chris DPSN AggieCEO XBLThe Aggi said

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