New investor snaps up 5% of Take Two

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Hedge fund SAC Capital has reported that it now owns a 5.3 per cent stake in Take Two.

The firm said in an SEC that it had acquired 4.1 million shares, worth about $108 million, for investment purposes.

Earlier this month, EA extended its $2 billion takeover offer for Take Two until July 18th to allow the Federal Trade Commission to review the deal on antitrust grounds.