{"id":8031,"date":"2008-07-03T00:00:00","date_gmt":"2008-07-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-sac-capital-cuts-stake-in-take-two","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/hedge-fund-sac-capital-cuts-stake-in-take-two.html","title":{"rendered":"Hedge fund SAC Capital cuts stake in Take-Two"},"content":{"rendered":"<p>Reuters- Hedge fund SAC Capital reported on Wednesday that it had cut its stake in Take-Two Interactive Software Inc to 4.4 percent from 5.3 percent.       <\/p>\n<p> The fund did not give a reason for the recent stock sales in a filing with the U.S. Securities and Exchange Commission. It said it was no longer a beneficial owner of 5 percent of the company&#8217;s stock and did not intend to file further updates on its stake with the SEC.<\/p>\n<p> Take-Two is facing a takeover bid by larger rival Electronic Arts Inc, which it has rejected as being too low.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/uk.reuters.com\/article\/governmentFilingsNews\/idUKN0262620080702\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Hedge fund SAC Capital reported on Wednesday that it had cut its stake in Take-Two Interactive Software Inc to 4.4 percent from 5.3 percent. The fund did not give a reason for the recent stock sales in a filing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1264,218,595,117,20,34,1265],"class_list":["post-8031","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-business-lines","tag-citigroup","tag-handsome-returns","tag-investment-arm","tag-new-marketplace","tag-news-press","tag-sanka"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8031"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8031\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}