Business

In Icahn investments, son also rises

Brett Icahn is firing on all cylinders down a road less takeš“†n (by his dad,ź¦« anyway).

Carl Icahnā€™s son, 33, is making his father tecź¦°h-savvy, but with a decidedly different approach than Americaā€™s most famous activist is used to taking.

Brett spotted what he considered an undervaluedź¦æ stock in Take-Two Interactive, the maker of the ā€œGrand Theft Autoā€ video games, and his fatherā€™s firm in January 2010 revealed it had accumulated an 11 percent stake.

The son soon after became a board member. But unlike his father, Brett has gained a reputation for letting mšŸ’®anagement execuą± te and seeing board members as peers.

However, Carl šŸ¤”has hardly been a silent partner. In šŸ…°fact, after Brett spotted the Take-Two opportunity, Carl turned to long-time investment partner Strauss Zelnick to shake up the board, a source close to the situation told The Post.

An analyst who requested anonymity told The Post that Take-Twoā€™s management is weak and its Rockstar Games developmentź¦¬ teaā–Øm essentially calls the shots.

ā€œThašŸ§”tā€™s why ā€˜Grand Theft Autoā€™ was delayeź¦d, delayed, delayed,ā€ the analyst said.

Management had to give the Rockstar team autonomyšŸØ to keep tšŸ”Æhem at the company, the analyst said.

Despite all that disarray, last week Take-Two said the fifth and latest installment of the GTA franchise rang up $800 million in first-day sales, blowing past the previous $500 million record set by ąµ©Activisionā€™s ā€œCall of Duty: Black Ops 2.ā€

Since 2šŸ™ˆ010, the shares have risen from $10 to close last week at $16.99.

Overall, team Icahn has made roughly $200 million frą·“om Take-Two, of which it now owns a 13 percent stake.

Carl Icahn, who declined comment for thišŸŒŗs article, has credited Brett and David Schechter, 37, with being more tech-adept than he is and with finding investment opportunities in Netflix, Apple and voice-technology company Nuance, as well as Take-Two.