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GTA V reveal boosts Take-Two shares

Release date announcement arriving next week alongside the debut trailer?

Take-Two shares jumped seven percent yesterday following the revelation that Grand Theft Auto V is in development.

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The company's shares closed the day up six percent, despite the fact yesterday's website reveal of the game's logo only teased a formal announcement, with a debut trailer due for release on November 2.

"If Rockstar announces the official release date for the title, in conjunction with the trailer, we think it will be positive for the shares," Sterne Agee analyst Arvind Bhatia said in a research note.

Next Wednesday's trailer should finally reveal the much speculated about setting for GTA 5 which is widely tipped to be a version of Los Angeles.

[ SOURCE: IndustryGamers ]

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