Following news that Take-Two has delayed the release of BioShock 2, Ben Feder, Chief Executive Officer of Take-Two revealed that the company will not release a new multi-platform Grand Theft Auto in fiscal 2010.

"Our goals for fiscal 2010 include operating the company profitably on a Non-GAAP basis without a new multi-platform Grand Theft Auto release," Feder told investors during a conference call.

Take-Two's fiscal year will include the release of BioShock 2, Mafia II, Max Payne 3 and Red Dead Redemption.

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