Carl Icahn now a 13.7% shareholder in Take-Two

Alexander Sliwinski — Mon, 22 Mar 2010 22:00:00 EST

Monday 22 March

70-something kilos. My kilo talk has gotten others thinking I'm moving the company to Canada, but I <3 my NYC.

Food consumed today:
No low-fat blueberry muffins today on the cart. I only like the tops anyway. Heard some pleb in the office talking about Blueberry Muffin Tops as a cereal. Tried some. I'm not opposed.

Afternoon. The beautiful weekend has shifted to gloomy overcast to fit my mood. New York.

Cherished Diary,

What is the iCahn up to? Carl Icahn previously put three of his specially selected associates on the Take-Two board (including iCahn-mini, Brett Icahn) after he obtained 11.3 percent in company stock. Now he's bought another 710,840 shares, which I estimate to cost about $7.1 million, giving him 13.7 percent of Take-Two stock.

The confusing part, Diary, is why? He has over 10 percent already and three iPods on the board, the incremental increase in stock isn't anything big -- it's just, weird, you know? Of course, you know! Diary, that's why I can always trust you! I just wish I knew if he was gearing up to push for a buyout or trying to show more faith in the company now that he has boys on the board. I wish I knew. I really, really wish I knew.

xoxo,
Strudel

[Via IndustryGamers]

Carl Icahn now a 13.7% shareholder in Take-Two originally appeared on Joystiq on Mon, 22 Mar 2010 22:00:00 EST. Please see our terms for use of feeds.

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Take-Two to nominate three new board directors; it's all about the iCahn

Alexander Sliwinski — Thu, 21 Jan 2010 13:15:00 EST

Thursday 21 January

70-something kilos. I've given up on weighing in lbs, kilos are so much kinder.

Food consumed today:
Anything that makes me look suave and like I know what I'm doing. Think I'm on my fifth martini, but I lost count after the fourth.

Early morning, sun looks lovely coming out of the west ... north? ... really need to cut back on the martinis. New York.

Dearest Diary, can I call you Di? Good. Oh, Di, why does Carl Icahn have to be such a meddler? You know what, I'm gonna start calling him iCahn, like an obnoxious Apple product. Hehe, iCahn. So, this guy ... this iCahn, he comes in and buys up 11.3 percent of the company a couple months ago and now he wants to put three of his own iBoys on the board of directors -- actually, I'm pretty sure one of them is an iCahn-mini: Brett Icahn.

I ain't mad, Di. Let iCahn have his iPods on the board, I've been doing my thing since taking over Take-Two in 2007. He's got the right to put some guys on the board and shape things, bring balance -- distract some monkeys on my back. Who knows, maybe the iCahn boys will bring healthy skepticism and deliver productive ideas to improve profitability. Plus, what's the harm? If the winds take iCahn to another project and he holds less than five percent of the company stock, the iPods agree to leave immediately. Just another day in the biz. I kinda miss fighting with EA, this is so mundane in comparison.

[Thanks to Michael Pachter and Jesse Divnich for context]

Take-Two to nominate three new board directors; it's all about the iCahn originally appeared on Joystiq on Thu, 21 Jan 2010 13:15:00 EST. Please see our terms for use of feeds.

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