Take-Two CEO open to buying more studios
The publisher has just shy of $1 billion in cash on hand – even after spending $227 million last year to repurchase shares. And it’s trying to decide what to do with it – and CEO Strauss Zelnick says he see three options.
“We have the opportunity to support organic growth with our balance sheet,” he says. “We also have the ability to do inorganic growth. And we have the opportunity to return money to our shareholders.”