It looks like Take-Two Interactive (NASDAQ: TTWO) will sell $500 million worth of its new game "Grand Theft Auto IV" the first week that it is on the market. That is better than most expectations. It will help the company make the case that the buy-out offer larger rival Electronic Arts (NASDAQ: ERTS) has made is too low.
It cannot be said that the news is not good for TTWO. According to The New York Times, "The company is expected to report it sold six million copies of the graphically violent game, 3.6 million of them on the first day."
Electronics Arts has offered $25.74 per share for Take-Two. The company's stock trades about a $1 below that. The good news may push it up some
