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GTA V boosts Take Two shares, game set in L.A?

It’s being reported that Take-Two shares increased by seven percent yesterday on the back of Rockstar revealing Grand Theft Auto V.

As is well known by now, yesterday Rockstar revealed the logo for GTA V and it instantly went global, with the game trending on Twitter and appearing on gaming news websites Worldwide within minutes.

This obviously had the desired effect, because even though EA has spent millions marketing Battlefield 3, that was not the game on anyone’s lips, despite it being that particular game’s launch day in the US.

“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.

Could we get a release date when the trailer arrives next Wednesday? here’s hoping.

Meanwhile, Kotaku are reporting that GTA V is set in L.A.

According to a source close to the website, the rumours about the game taking part in this setting are true. Furthermore gamers will also be able to take control of more than one character, which could mean multiple stories branching this popular open world game.

We will find out soon enough.

Thanks, IndustryGamers.

Edited On 26 Oct, 2011

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