Take-Two, CNET face more stock option issues

Iria · Jul 11, 2006, 02:42 AM

Source: Reuters
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NEW YORK (Reuters) - Take-Two Interactive Software Inc., owner of the blockbuster "Grand Theft Auto" video game series, on Monday said regulators launched an informal investigation into its stock options policies dating back to 1997.

Take-Two's disclosure of the U.S. Securities and Exchange Commission probe came on the same day Web-based media company CNET Networks Inc. said it would likely restate results to correct errors related to its stock-option accounting.

Both Take-Two and CNET previously launched internal investigations into the issue, which has shaken the technology sector.

Jul 11, 2006, 02:42 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Take-Two, CNET face more stock option issues Source: Reuters ___________ NEW YORK (Reuters) - Take-Two Interactive Software Inc., owner of the blockbuster "Grand Theft Auto" video game series, on Monday said regulators launched an informal investigation into its stock options policies dating back to 1997. Take-Two's disclosure of the U.S. Securities and Exchange Commission probe came on the same day Web-based media company CNET Networks Inc. said it would likely restate results to correct errors related to its stock-option accounting. Both Take-Two and CNET previously launched internal investigations into the issue, which has shaken the technology sector.