Sunday August 9, 2020

Bono’s equity firm eyes Grand Theft Auto games maker

Elevation Partners, the US private equity firm backed by U2 frontman Bono, has been linked to a takeover of the software company that makes controversial Grand Theft Auto video games.

24th March, 2007

Take-Two Interactive Software announced last Monday that it was considering a sale after lowering earnings estimates in recent months and attempts by investors to oust the company’s chief executive Paul Eibeler.

Elevation Partners, which was co-founded by Bono, has expressed a serious interest in buying Take-Two over the past year, according to a report last week in the New York Post.

Elevation announced last year that it would invest more than $300 million...

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