Icahn Buys Big Stake in Video-Game Maker Take-Two

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Take-Two Interactive (TTWO), which publishes several popular video games such as Grand Theft Auto, is supposed to be a turnaround story, but management can't seem to find the formula to make it a success. On Thursday, Take-Two announced disappointing earnings, and on the same day, Carl Icahn took an 11% position in the company.