-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AV6c3qA0+u5weAfR/QnwB5jhGRhwOvWgQELo/zs0pE+NqOEKaFr06gmF1EHqbzmW lfFLO0xL2D89fP8pyGwXqQ== 0000728889-07-000278.txt : 20070312 0000728889-07-000278.hdr.sgml : 20070312 20070312171009 ACCESSION NUMBER: 0000728889-07-000278 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070312 DATE AS OF CHANGE: 20070312 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TAKE TWO INTERACTIVE SOFTWARE INC CENTRAL INDEX KEY: 0000946581 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 510350842 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-52733 FILM NUMBER: 07688428 BUSINESS ADDRESS: STREET 1: 622 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10012 BUSINESS PHONE: 646 536 2842 MAIL ADDRESS: STREET 1: 622 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10012 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER FUNDS INC CENTRAL INDEX KEY: 0000728889 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 000000000 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER MANAGEMENT CORP DATE OF NAME CHANGE: 19940131 SC 13D 1 taketwo13d.htm INITIAL SC 13D Take Two Interactive Software Inc. 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13D
                  Under the Securities Exchange Act of 1934


                      TAKE-TWO INTERACTIVE SOFTWARE, INC.
- ---------------------------------------------------------------------
                              (Name of Issuer)

                        Common Stock, $0.01 par value
- ---------------------------------------------------------------------
                       (Title of Class of Securities)

                                  874054109
- ---------------------------------------------------------------------
                               (CUSIP Number)

                              Robert Zack, Esq.
- ---------------------------------------------------------------------
                           OppenheimerFunds, Inc.
                         Two World Financial Center
                       225 Liberty Street, 11th Floor
                             New York, NY 10281
                               (212) 323-0200
                (Name, Address and Telephone Number of Person
              Authorized to Receive Notices and Communications)

                                 Copies to:

                          Michael A. Schwartz, Esq.
                         Willkie Farr & Gallagher LLP
                              787 Seventh Avenue
                           New York, NY 10019-6099
                                (212) 728-8000

                                March 4, 2007
- ---------------------------------------------------------------------
                        (Date of Event which Requires
                          Filing of this Statement)

     If the filing person has previously filed a statement on Schedule
     13G to report the acquisition that is the subject of this Schedule
     13D, and is filing this schedule because ofss.ss.240.13d-1(e),
     240.13d-1(f) or 240.13d-1(g), check the following box: X

     NOTE: Schedules filed in paper format shall include a signed
     original and five copies of the schedule, including all exhibits.
     See Rule 240.13d-7 for other parties to whom copies are to be sent.

     * The remainder of this cover page shall be filled out for a
     reporting person's initial filing on this form with respect to the
     subject class of securities, and for any subsequent amendment
     containing information which would alter disclosures provided in a
     prior cover page.

     The information required on the remainder of this cover page shall
     not be deemed to be "filed" for the purpose of Section 18 of the
     Securities Exchange Act of 1934 ("Act") or otherwise subject to the
     liabilities of that section of the Act but shall be subject to all
     other provisions of the Act (however, see the Notes).

Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
currently valid OMB control number.










                                 SCHEDULE 13D

- -----------------------------------------                   ------------------------------
CUSIP No.   874054109                                       Page 2 of 5 Pages
- -----------------------------------------                   ------------------------------


- ------------------------------------------------------------------------------------------
   1    NAMES OF REPORTING PERSONS
        I.R.S. IDENTIFICATION

        Oppenheimer Quest Opportunity Value Fund
        ----------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
   2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)     (a)
                                                                                (b) x

        ----------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
   3    SEC USE ONLY

        ----------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
   4    SOURCE OF FUNDS

        OO
        ----------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
   5    CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or
        2(e)

        ----------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
   6    CITIZENSHIP OR PLACE OF ORGANIZATION

        MASSACHUSETTS
- ------------------------------------------------------------------------------------------
                 7    SOLE VOTING POWER

                      0
               ---------------------------------------------------------------------------
                 8    SHARED VOTING POWER

                      4,722,550
               ---------------------------------------------------------------------------
                 9    SOLE DISPOSITIVE POWER

                      0
               ---------------------------------------------------------------------------
                 10   SHARED DISPOSITIVE POWER

                      4,722,550
- ------------------------------------------------------------------------------------------
  11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        4,722,550
        ----------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
  12    CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
        Instructions)

        ----------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
  13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

        6.48% based on 72,838,149 shares outstanding as of February 26, 2007
        ----------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
  14    TYPE OF REPORTING PERSON

        IV
- ------------------------------------------------------------------------------------------






                               EXPLANATORY NOTE

This Schedule 13D is being filed with respect to the common stock, par value
$0.01 per share (the "Common Stock"), of Take-Two Interactive Software, Inc.
(the "Issuer").  Certain of the shares of Common Stock to which this Schedule
13D relates (the "Shares") were previously reported by the Reporting Person
on Schedule 13G, the last amendment to which was filed on February 15, 2007.
This Schedule 13D is being filed pursuant to Rule 13d-1(e) under the Exchange
Act for the reasons set forth in Item 4 hereof.

Item 1. Security and Issuer.

(a)   Title of Class of Equity Securities to which this Statement relates:

Common Stock, par value $0.01 per share

(b)   Name and Address of Issuer's Principal Executive Offices:

Take-Two Interactive Software, Inc.
622 Broadway, New York, New York, 10012

Item 2. Identity and Background.

(a) - (c) This Schedule 13D is filed on behalf of Oppenheimer Quest
Opportunity Value Fund, a Massachusetts business trust (the "Fund").  The
principal business of the Fund is that of a business trust focusing primarily
on investing in equity securities and related investment strategies.  The
principal business address of the Fund is 6803 South Tucson Way, Centennial,
Colorado 80112.

The name, business address and present principal employment, and the name,
principal business and address of any corporation or other organization in
which such employment is conducted, of each natural person that is a director
or executive officer of the Fund, to the best knowledge and belief of the
Fund, is set forth on Exhibit 99.1 hereto and is incorporated by reference
herein.

(d) - (e) During the past five years, neither the Fund nor, to the best
knowledge and belief of the Fund, any of the individuals listed on Exhibit
99.1 hereto, has been (i) convicted in a criminal proceeding (excluding
traffic violations and similar misdemeanors), or (ii) a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and
as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.  Neither the Fund nor, to the best
knowledge and belief of the Fund, any of the individuals listed on Exhibit
99.1 hereto, beneficially owns any Shares except as set forth in Exhibit 99.1
hereto.

(f)   The citizenship of each director or executive officer of the Fund is
set forth in Exhibit 99.1 hereto.

Item 3. Source and Amount of Funds or Other Consideration.

In acquiring the 4,722,550 Shares beneficially owned by the Fund, the Fund
expended approximately $101,964,488 (excluding commissions) of its working
capital.

Item 4.  Purpose of Transaction.

The Fund acquired the Shares for investment purposes in the ordinary course
of business, and not with the purpose or effect of changing or influencing
the control or management of the Issuer and without any agreement with any
third party to act together for the purpose of acquiring, holding, voting or
disposing of equity securities of the Issuer.  The Fund may, from time to
time, acquire additional shares of Common Stock or dispose of some or all of
the Shares, engage in lending, short-selling or hedging or similar
transactions with some or all of the Shares, or continue to hold the Shares,
depending on business and market conditions, its continuing evaluation of the
business and prospects of the Issuer, the general investment and trading
policies of the Fund, and other factors.  The Fund may change its intention
with respect to any or all matters referred to in this Item 4.

On March 7, 2007, a group of holders of Common Stock (the "Group") filed a
Schedule 13D stating that they would seek to elect an alternate slate of
directors that would constitute a majority of the board of directors of the
Issuer.  The Group includes OppenheimerFunds, Inc., the Fund's investment
adviser ("OFI").  Pursuant to an investment management agreement, the Fund
has delegated to OFI both the power to dispose and the power to vote the
Shares.  Although the Fund has not joined the Group or otherwise determined
to act with the purpose of changing or influencing the control or management
of the Issuer, as a result of the joint actions of the members of the Group
(including OFI), the Fund may be deemed to hold the Shares with such an
effect.

Except as set forth above, the Fund does not have any present plans or
proposals that relate to or would result in any of the actions required to be
described in Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer.

(a) - (b) As of February 26, 2007, the Fund is the beneficial owner of
4,722,550 Shares, which represent approximately 6.48% of the Company's
outstanding shares of Common Stock.  This percentage is based on a total of
72,838,149 shares of Common Stock reported by the Issuer in its proxy
statement dated February 28, 2007 as outstanding as of February 26, 2007.
Pursuant to an investment management agreement, the Fund shares with OFI the
power to vote or to direct the vote and the power to dispose or to direct the
disposition of the Shares.  The Fund expressly disclaims beneficial ownership
of any shares of Common Stock beneficially owned by OFI, other than the
Shares.

(c)   No transactions in shares of Common Stock were effected by the Fund
during the past sixty days.

(d)   Except as set forth in this Item 5, no person other than the Fund is
known to have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, such shares of Common Stock.

(e)   Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to the Securities of the Issuer.

In the ordinary course of business, the Fund has entered into securities
lending arrangements under which securities owned by the Fund may be lent to
third parties.  As of February 26, 2007, a portion of the Shares were on loan
to third parties.  As described in the Group's Schedule 13D, OFI is seeking
to terminate such loans and, to the extent permitted by applicable law,
obtain voting rights with respect to the Shares.

Except as otherwise set forth herein, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) between the Fund and any
other person with respect to any securities of the Issuer.

Item 7. Material to be Filed as Exhibits

Exhibit 99.1   Information Concerning the Fund

                                  SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certifies that the information set forth in this statement is
true, complete and correct.

Dated:  March 12, 2007

                                    By:      /s/ Emmanuel Ferreira
                                           Name:  Emmanuel Ferreira
                                           Title: Vice President
EX-99 2 exhibit991.htm LIST OF OFFICERS AND DIRECTORS Oppenheimer Quest Opportunity Value Fund 
Quest Opportunity Value Fund

- ---------------------------------------------------------------------------
Name            Oppenheimer Quest Opportunity Value Fund*
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
State of        Massachusetts (business trust)
Organization
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Principal       Investment Company
Business
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Principal       6803 South Tucson Way  Centennial, CO 80112
Office Address
- ---------------------------------------------------------------------------
*Oppenheimer Quest Opportunity Value Fund beneficially owns 4,722,550 shares.


Oppenheimer Quest Opportunity Value Fund--Executive Officers and Directors

- ---------------------------------------------------------------------------
Name          CitizenshiBusiness      Principal     Name, Business and
                        Address       Occupation    Address of Employer
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
OFFICERS
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Emmanuel      US        Two World     VP            OppenheimerFunds,
Ferreira                Financial                   Inc., Two World
                        Center, 225                 Financial Center, 225
                        Liberty                     Liberty Street, 11th
                        Street, 11th                Floor, New York, NY
                        Floor, New                  10281 (Investment
                        York, NY                    Management)
                        10281
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Mark Vandehey US        6803 South    SVP and CCO   "
                        Tucson Way
                        Centennial,
                        CO 80112
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Brian Wixted  US        6803 South    SVP and       "
                        Tucson Way    Treasurer
                        Centennial,
                        CO 80112
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Brian         US        6803 South    VP            "
Petersen                Tucson Way
                        Centennial,
                        CO 80112
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Brian         US        6803 South    AVP           "
Szilagyi                Tucson Way
                        Centennial,
                        CO 80112
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Robert Zack   US        Two World     EVP and       "
                        Financial     General
                        Center, 225   Counsel
                        Liberty
                        Street, 11th
                        Floor, New
                        York, NY
                        10281
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Kathleen Ives US        6803 South    VP            "
                        Tucson Way
                        Centennial,
                        CO 80112
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Lisa          US        Two World     VP            "
Bloomberg               Financial
                        Center, 225
                        Liberty
                        Street, 11th
                        Floor, New
                        York, NY
                        10281
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Phillip       US        Two World     SVP           "
Gillespie               Financial
                        Center, 225
                        Liberty
                        Street, 11th
                        Floor, New
                        York, NY
                        10281
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------

- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
DIRECTORS
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
John V.       US        Two World     CEO           OppenheimerFunds,
Murphy                  Financial                   Inc., Two World
                        Center, 225                 Financial Center, 225
                        Liberty                     Liberty Street, 11th
                        Street, 11th                Floor, New York, NY
                        Floor, New                  10281 (Investment
                        York, NY                    Management)
                        10281
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Thomas W.     US        c/o 6803      Principal,    c/o 6803 South Tucson
Courtney                South Tucson  Courtney      Way  Centennial, CO
                        Way           Associates,   80112
                        Centennial,   Inc.
                        CO 80112      (Venture
                                      Capital)
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Paul Y.       US        c/o 6803      Principal,    c/o 6803 South Tucson
Clinton                 South Tucson  Clinton       Way  Centennial, CO
                        Way           Management    80112
                        Centennial,   Associates
                        CO 80112      (Financial
                                      Consulting)

- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
David K.      US        c/o 6803      President     c/o 6803 South Tucson
Downes                  South Tucson  and CEO,      Way  Centennial, CO
                        Way           CRAFund       80112
                        Centennial,   Advisors,
                        CO 80112      Inc.
                                      (Investment
                                      Management)


- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Robert G.     US        c/o 6803                    c/o 6803 South Tucson
Galli                   South Tucson                Way  Centennial, CO
                        Way                         80112
                        Centennial,
                        CO 80112
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Lacy B.       US        c/o 6803      Chairman,     c/o 6803 South Tucson
Herrmann                South Tucson  Aquila        Way  Centennial, CO
                        Way           Management    80112
                        Centennial,   Corp.
                        CO 80112      (Investment
                                      Management)
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
Brian F.      US        c/o 6803      Partner,      c/o 6803 South Tucson
Wruble                  South Tucson  Odyssey       Way  Centennial, CO
                        Way           Partners LP   80112
                        Centennial,   (Investment
                        CO 80112      Management)
- ---------------------------------------------------------------------------
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