OppenheimerFunds has led a group of dissident shareholders of Take-Two Interactive Software in booting out Chief Executive Paul Eibeler and replacing the board with six new directors, Reuters reports. The company’s chairman is now Strauss Zelnick, who was once chairman of BMG Entertainment. Zelnick said he plans to make the company more efficient, although he does not anticipating cutting any jobs in the near future.

Zelnick’s main focus is creating more videogame hits, which he expects is achievable since “a lot of the creative talent is in place,” he said.

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