In what is essentially reporting on a rumor about a rumor, Business Insider says word on the street is that the rumor about a possible Time-Warner takeover of Take-Two was spread by investors including Carl Icahn. Business Insider cites a source who said the rumor can be traced back to a group of large investors including Icahn, who alone holds an eleven percent stake in Take-Two. The Time-Warner speculation had put a $14.50 per share buyout price on the company, which is currently trading under $10. Take-Two had turned down a takeover bid from EA of more than $26 per share in 2008. Business Insider labels that move as catastrophic, but says the company is still an attractive target but stuck without a suitable buyer in the game industry. The outlet says more likely suitors could be media companies such as Time-Warner or News Corp. who might be looking to break into games.