Take-Two Interactive Software announced that it has postponed its annual meeting scheduled for March 23rd to March 29, 2007. The company also announced that iyt plans to put additional ideas on the table like an outright sale - in light of the expressed intention of a shareholder group to give the axe to the Take Two executive team. This shareholder group holds almost 50 percent of the company collectively.

Take-Two's Board said today that its 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 of the company. An additional objective of the Board is that shareholders, including the shareholder group, not take any action that would preclude an evaluation of any alternative that the company might develop and that could potentially be presented to shareholders. There is no assurance that any specific alternative proposal will be forthcoming, the company said.