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Take-Two's share price falls as  GTA V  is delayed
Take-Two's share price falls as GTA V is delayed
January 31, 2013 | By Mike Rose

January 31, 2013 | By Mike Rose
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    6 comments
More: Console/PC, Business/Marketing



Take-Two Interactive's share price fell as low as 12 percent today, as it came to light that the upcoming Grand Theft Auto V has been delayed until September.

The highly anticipated GTA installment had previously been penned in for a release sometime this Spring. According to a new post on the Rockstar blog, the game will now be released on September 17.

The post states that the team behind the game needs the extra several months to give the game "a little more polish to be of the standard we and, more importantly, you require."

Retailer GameStop also saw its shares slip as a result of the delay, down 2.9 percent in earlier trading.

With the game now due for release in the fall, Take-Two and Rockstar will now go head-to-head with other industry big guns -- although it seems more likely that it will be the other companies who need to worry about a negative impact on sales, as GTA V is predicted to sell around 25 million in its first year.

Share prices are on the rebound as cooler heads prevail: at our last check they were trading for $12.32, a 5.67% drop from yesterday's closing price.


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Comments


A W
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Could this mean that GTA V will come to the Wii U as well?

Joe Zachery
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Even though I wish that to be true I doubt it. Just going off of their past statements. If anything this delay has to do with 720/PS4 version of the game. If Sony, and Microsoft believes they can launch new consoles with no major games. They will have a worst start than the Wii U. Both of them already have new games coming this year for their current systems. All of their major franchises have had appearances later last year, and early this year. So their new system will not have any major 1st party game ready for launch this year. Having GTA 5 port on their systems would help them. Even though I believe the current systems version would sell way more copies.

Dean Boytor
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@ Joe Zachery
I was under the impression that this Xmas may not have any console releases due to the development of either.
I cant site the article I read here recently but Ill append it when I do.

A W
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I think the smartest move would be to get it on the Wii U and ready it for the next systems as well. I don't think PS4 will come this year given some prior statements.

Michael Joseph
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Maybe they decided to add a non-violent mode where the guns shoot rainbows and glitter. This mode also removes car jacking and requires that your character negotiate a sale for the car from the driver on the spot. They are trademarking this novel mechanic as "barter time." Pedestrians will also be impossible to hit. They will always be able to run or dive out of the way.

Dimitri Del Castillo
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What happened? Did they implement a feature where you can beat up a Senator and get your lobby money back or something?


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