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Rockstar parent company Take-Two Interactive saw its shares skyrocket following the first round of glaringly positive reviews for its just-released L.A. Noire, closing at a 32-month high of $17.10 per share.

Frank Cifaldi, Contributor

May 17, 2011

1 Min Read

Rockstar parent company Take-Two Interactive saw its shares skyrocket following the first round of glaringly positive reviews for its just-released L.A. Noire. Shares closed today at $17.10, up $1.23 (or 7.75 percent) from yesterday, trading for as high as $17.50 (up 10 percent) during market hours. This represents not only the company's 52-week high, but also the highest its stocks have traded for since September of 2008, after an acquisition bid from EA caused shares to trade for as high as $27 (very close to the company's all-time high stock value of just over $28, following the release of Grand Theft Auto: San Andreas). The acquisition of course never happened. L.A. Noire has been an undeniable critical success, currently ranked 91 and 92 out of 100 on review aggregate Metacritic for its PlayStation 3 and Xbox 360 SKUs, respectively. The game is well regarded for its cinematic qualities, and was honored at New York's Tribeca Film Festival earlier this year, making it the first video game to receive that honor.

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2011

About the Author(s)

Frank Cifaldi

Contributor

Frank Cifaldi is a freelance writer and contributing news editor at Gamasutra. His past credentials include being senior editor at 1UP.com, editorial director and community manager for Turner Broadcasting's GameTap games-on-demand service, and a contributing author to publications that include Edge, Wired, Nintendo Official Magazine UK and GamesIndustry.biz, among others. He can be reached at [email protected].

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