Take-Two falls on late ‘Grand Theft Auto’ release

Posted on Jan 31 2013 - 4:00pm by Matthew Bomer

t2Shares of Take-Two Interactive  fell nearly 5% to $12.44 on Thursday after the company announced that it will release “Grand Theft Auto V” on Sept. 17.

The launch of the highly anticipated sequel to the best-selling urban action franchise comes later in the year than the original planned spring release, “in order to allow additional development time,” the company said in a statement. The title will be available for the Xbox 360 and PlayStation 3 consoles. Retailer GameStop also saw its shares slip by 1.7% in early trades.