Grand Theft Auto Gives Take-Two Interactive New Life, Losses Narrow

Popular video game Grand Theft Auto is giving Take-Two Interactive a second chance.
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Popular video game Grand Theft Auto is giving Take-Two Interactive a second chance. Shares of the New York-based game maker zoomed ahead on Thursday after what has been a challenging year. Analysts expected Take-Two to report a loss of 59 cents a share, but it only lost 44 cents a share. Sales for the third quarter came in at $135 million, which were above expectations as well. CEO Strauss Zelnick said Take-Two was able to survive the quarter because people welcomed the downloadable content. The successful launches of new titles, such as 'Borderlands: The Pre-Sequel' also helped. Take-Two is getting ready for its most anticipated event, the release of the new Grand Theft Auto for PlayStation 4 and Xbox One in November.