Take-Two Will Consider Sale

Beleaguered video game publisher Take-Two Interactive(TTWO Quote) gave investors a peek into its strategy for fighting off a threat from shareholders attempting a management change at the company.

New York-based Take-Two said Monday it will postpone its annual shareholder meeting scheduled for March 23 until March 29 and will evaluate alternative courses of action -- including a possible sale of the company.

Investors cheered the news, sending shares of Take-Two up by more than 5.6%, or $1.18, to $22.03. The stock has soared more than 26% since the news of the actions by the shareholder group. ...