‘GTA’ maker buys back $200 million in stock

Take Two Interactive Software has bought back 12 million shares of stock held by the Icahn Group.

The interactive gaming company maker of Grand Thief Auto series paid a closing price of $16.93 per share, costing the firm a total of $203.5 million, to be paid in cash.

Activist investor Carl Icahn, had agreed that his Take-Two board members would resign after the buyback.

Take-Two did not say why Icahn was selling its shares. Shares in Take-Two were down nearly 6 percent in premarket.

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