Take-Two Stock Declines on BioShock Infinite Delay News

May 9, 2012 -

Take-Two Interactive revealed that BioShock Infinite would not be released until early 2013. The game was scheduled for release in October of this year. Irrational Games' Ken Levine said that the extra time would be used to "make Infinite into something even more extraordinary." While fans of the series were disappointed by the news, Take-Two investors took it particularly hard; Take-Two's stock fell 5.7 percent to $12.64 by 12:30 pm after falling to $12.51 earlier in the day. The drop was the lowest intraday price for the stock since Oct. 5 of 2011.

Analysts think that Take-Two might have pushed BioShock Infinite into 2013 to make room for Grand Theft Auto V in the fall, but chances are that Ken Levine's game simply needed more development time. Take-Two's stock was trading at 12.63 on the NASDAQ, off by 0.78 or 5.82 percent, as of 4:00 pm EDT.

Source: Bloomberg


 
Forgot your password?
Username :
Password :

Poll

Have you visited a video game arcade in the last year?:
 

Be Heard - Contact Your Politician