SAC Capital, OppenheimerFunds and Others Form Large Take-Two (TTWO) Investors Group, To Nominate 6 to Board

In a 13D filing on Take-Two Interactive Software Inc. (Nasdaq: TTWO), SAC Capital, OppenheimerFunds, D. E. Shaw, Tudor Investment formed a group and said they will vote to elect six members to the board of directors. The group will also vote to reduce the size of the Board from nine to six.

OppenheimerFunds disclosed a 24.5% stake, D. E. Shaw a 9% stake, SAC Capital a 7.8% stake and Tudor a 4.8% stake.

The Group's director candidates are currently expected to be Strauss Zelnick, Benjamin Feder, Jon J. Moses, Michael Dornemann, Michael James Sheresky and a sixth person who will be identified in an amendment to this Schedule 13D.