In Manhunt 2 an experiment at a secret research facility has gone catastrophically wrong, with Daniel Lamb and Leo Kasper the only survivors. The Pickman Project will stop at nothing to hunt them down and stop the truth from getting out. After the game was banned in the UK and Ireland, both Sony and Nintendo stated it would not allow AO-rated games to be published on its consoles. Take Two decided today that it would temporarily put the July 10 release on hold to "further explore its options."

Revealed a few days ago, Take Two announced a European distribution agreement with Monte Cristo Games, for the upcoming PSP edition of KievGames' fantasy-style action/RPG Silverfall.

As predicted, at the Annual Meeting of Take-Two stockholders a new slate of Take-Two Board directors were elected by the shareholders. The revolt happened quietly and no other comments were made, nor matters were discussed.

Yesterday Take-Two revealed it was postponing the previously scheduled annual shareholders meeting to explore its options, one being a possible sale of the entire company. Today word has reached us through the grapevine by means of an inside source at Rockstar Vancouver, that "the buzz" in the hallways is that Microsoft might have put in a bid or expressed interest in purchasing the ailing publisher/developer. While this is a mere rumor, albeit from a reliable source, it is to be taken with a grain of salt. Just imagine the ramifications....

UPDATE: As rumors go, debunked by MGS' Vice President Shane Kim...

Take-Two announced that it has postponed its annual meeting. The purposes of the Board's actions are to provide additional time to review the proposed actions of the shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders, including a possible sale.

Take-Two received a NASDAQ Staff Determination letter indicating that the it is not in compliance with the filing requirements for continued listing on The NASDAQ Stock Market. Take failed to file its quarterly report in a timely fashion as it awaits the results from the Special Committee which is investigating the Company’s stock option grants.

Take-Two announced that is has 20 games in development for the PS3, with more than seven titles from Rockstar Games, including Grand Theft Auto IV, scheduled in North American for Oct. 16, 2007 and Europe on Oct. 19, 2007. Additional Rockstar Games products include new original titles such as L.A. Noire, as well as extensions of blockbuster Rockstar Games franchises.

Take-Two received a NASDAQ Staff Determination letter indicating that the it is not in compliance with the filing requirements for continued listing on The NASDAQ Stock Market. Take Two failed to file its quarterly report in a timely fashion as it awaits the results from the Special Committee which is investigating the Company’s stock option grants.

Anti-violent video game activist Jack Thompson has today filed a lawsuit to force Take-Two to give him a copy of its school violence simulation, Bully, before its October 1, 2006, release date. Thompson claims that Take-Two has a history of downplaying the violence in its titles and therefore wants to see the game and judge for himself.

Take-Two announced today that following the 30-day period for public comment, the FTC has unanimously approved the Consent Order and Agreement with Take-Two and Rockstar Games. All outstanding matters pending before the FTC have been settled and no penalties or fines have been assessed.

Take-Two today announced that the Company has received notice from the Securities and Exchange Commission that it is conducting an informal non-public investigation into certain stock option grants made from January 1997 to the present. Take 2 had already initiated an internal review of its option grants, led by a committee consisting of independent board members who have retained independent legal counsel and accountants to assist in the review.

According to the New York Daily News, Roger Hill, who played a big-time gang leader in the 1979 cult movie, "The Warriors," filed suit yesterday, claiming that Take-Two does not have the rights to use his likeness in the video game of the same name. Hill's demands include $250,000 and a court order preventing further use of his likeness.

Take-Two Interactive announced that a week ago, it received grand jury subpoenas from the County of New York requesting various documents related to the knowledge of its officers and directors regarding the creation and inclusion of hidden scenes, commonly referred to as "hot coffee," in Grand Theft Auto: San Andreas.

While net revenue went up (from $222.1 to $265.1 million), net loss ballooned from $8.2 to $50.4 million, mainly due to continued retail weakness. As a result Take Two is cutting costs by closing internal development studios (so far Poptop, Indie Built, Rockstar Vienna and Frog City) as well as cancelling half a dozen titles, Snow being one. After a long period of silence, Bully was mentioned, and scheduled for release later this year.

Take Two settled Federal Trade Commission charges that it failed to disclose important information about the game's content to consumers by not disclosing that the game discs contained potentially viewable nude female characters and a potentially playable sex mini-game. An $11,000 fine per "future" violation was ordered; luckily, this is not retroactive, as that would have cost Take-Two a total of $72 billion.

The City of Flint and its Pension Fund, both investors, filed a class action lawsuit against Take-Two, alleging fraud and insider stock trading.

Take 2 announced that it has acquired independent developers Irrational Games. Known for such titles as SWAT 4, Tribes Vengeance and Freedom Force, Irrational is currently working on Bioshock for Take Two, scheduled for PC and nextgen consoles, but also SWAT 4 expansion pack for Vivendi.

Take-Two Interactive today announced the acquisition of Firaxis Games development studio. Joining the 2K Games publishing label of Take-Two Interactive, Firaxis Games is known for developing titles such as Sid Meier's Pirates! and the blockbuster Civilization franchise.

Take 2 today announced financial results for its Q3 and nine months ended July 31, 2005. Net sales and losses were up 6% and 100%, respectively, from last year. So far, net sales have increased 30%, and net income is $18.3M. Bully (PS2/Xbox) has been delayed to provide additional development time, while Civilization IV is ahead of schedule and has been scooted up into fiscal 2005. An all new IP for the X360 is mentioned, as well as extensions of the Grand Theft Auto franchise.

Take 2 today announced financial results for its second quarter, reporting a 45% increase in net sales. The results also reflect the delay of titles such as GTA: Liberty City Stories (PSP), Call of Cthulhu: Dark Corners of the Earth (PS2/Xbox), and Top Spin (PS2). Read further for more details than you can shake a stick at ...

Take2 announced today long-term, third-party exclusive licensing relationships with Major League Baseball Properties (MLBP), the Major League Baseball Players Association (MLBPA) and Major League Baseball Advanced Media (MLBAM) which provide Take-Two with sweeping video game rights. Under these exclusives, Take-Two will develop, publish and distribute a broad portfolio of interactive, officially licensed video games that are expected to drive the MLB video game business to new heights.

SEGA of America today confirmed that SEGA Corp. has agreed to transfer all common stock and related assets of Visual Concepts, the developer of the ESPN 2K5 series of sports games, to Take-Two Interactive Software, Inc. Last year it was already revealed that Take wo had the option of buying Visual Concepts after Sega and Take Two went into a codistribution deal for the ESPN titles.

Take-Two announced today the Company has signed a binding letter of intent with SEGA Corporation to co-publish and exclusively distribute on a worldwide basis all SEGA ESPN Videogames sports titles, including ESPN NFL Football, ESPN NHL Hockey, ESPN NBA Basketball, ESPN College Hoops and ESPN Major League Baseball.

Take-Two Interactive Software, Inc. and Rockstar Games, Inc. wish to express our sincerest apologies to the Haitian people and Government of Haiti for any offense that may have been caused by statements made in the video game Grand Theft Auto: Vice City. As its name implies, Grand Theft Auto: Vice City is a virtual crime world, in which characters are involved in criminal activities, including fictional gang warfare between rival groups. In creating the game, it was not our intention to target or offend any group or persons or to incite hatred or violence against such groups persons. Take Two issued a statement promising to "remove the objectionable statements from future copies of Grand Theft Auto: Vice City."

Take-Two Interactive Software, Inc. announced today that it has completed the purchase of TDK Mediactive, Inc. ("TDK"), a California based publisher of video game franchises based on popular licensed properties, including The Haunted Mansion, Pirates of the Caribbean, The Land Before Time, Robotech, The Muppets and Corvette.