Take-Two stock takes punch after BioShock 2 delay

by Alexander Sliwinski { Jul 14th 2009 at 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.

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

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Reader Comments (Page 1 of 1)

hunter2223 @ Jul 14th 2009 1:10PM

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.

JayVe @ Jul 14th 2009 1:56PM

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!

Zinger314 @ Jul 14th 2009 1:15PM

Proof that Joystiq loves iPhones.

j.howlett @ Jul 14th 2009 1:19PM

alot of them packing iphones for e3 wasn't proof

MowDownJoe @ Jul 14th 2009 1:22PM

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.

rTwelve @ Jul 14th 2009 1:59PM

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

Squirtforce @ Jul 14th 2009 1:17PM

BUY! BUY! BUY!!!!

The_Punisher @ Jul 14th 2009 1:22PM

The House of Pain

Storm Eagle::The Blood Edge @ Jul 14th 2009 1:18PM

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.

leo @ Jul 14th 2009 1:30PM

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

Chris D.(PSN: Aggie_CEO | XBL:The Aggie CEO | Steam: Aggie_CEO @ Jul 14th 2009 1:43PM

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

J-Link @ Jul 14th 2009 1:23PM

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.

Snake Robot Podium @ Jul 14th 2009 2:02PM

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.

JayVe @ Jul 14th 2009 2:29PM

@ 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.

Omega2k3 @ Jul 14th 2009 9:17PM

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

skyzbig @ Jul 14th 2009 1:25PM

This story was brought to you by Michael Pachter.

Fat Tony 117 @ Jul 14th 2009 1:44PM

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...

Heimbachae @ Jul 14th 2009 1:57PM

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'

NOT ME @ Jul 14th 2009 8:38PM

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

Chris D.(PSN: Aggie_CEO | XBL:The Aggie CEO | Steam: Aggie_CEO @ Jul 14th 2009 1:31PM

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

ColorblindMonk @ Jul 14th 2009 1:36PM

C-C-C-C-Combo breaker!

Neuromancer @ Jul 14th 2009 1:43PM

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

Marty @ Jul 14th 2009 1:52PM

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.