Take-Two CEO Departs
Take-Two Interactive's Chief Executive Officer announced that he will step down "to travel in Asia with his family for an extended period." Feder will remain a partner in ZelnickMedia (the group that masterminded the hostile takeover of Take-Two Interactive), so it seems unlikely that he's been forced to quit, although he may be contemplating other positions for the future. Strauss Zelnick, already the Executive Chairman of Take-Two Interactive, will also assume the role of CEO. The changes will take place on January 1, 2011.