Take Two report 10% stock increase, GTA release to come

It was only a few days ago that we reported that Take Two ( NASDAQ:TTWO ) had a suffered a USD 50 million loss as a result of high marketing and legal costs. Today though, the company are issuing some good news: a 10% stock increase.

According to GI.Biz, the initial market reaction led to a fall in Take-Two’s stock, but thankfully things are on the mend for the parent company of GTA and it’s now recovered to go up 0.69 cents to USD 7.10.

Speaking of GTA, the company is preparing for the release of Grand Theft Auto: Chinatown Wars, which critics have said will have a good chance of doing well after a positive response.