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Take-Two Say 'No' to EA.


Emm Ell

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Take-Two Rejects EA's $2 Billion Offer

Publisher response to purchase offer is quick and to the point.

by Jeremy Dunham

US, February 24, 2008 - Only hours after Electronic Arts proposed a $26/ share (approximately $2 billion in total) offer to acquire Take-Two Interactive, Take-Two officials have responded with an absolute "No."

 

According to Reuters, Take Two has said that the offer was at a significant discount to its peers and that it came at "absolutely the wrong time."

 

Additionally, Take-Two called the bid "highly opportunistic" on the heels of the upcoming release of Grand Theft Auto IV on April 29.

 

Take-Two has offered to enter discussions with EA the day after GTA IV's release, on April 30.

 

Thought i'd post for those worried about EAs takeover bid.

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Do we really need 10 threads about this?

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YAY! Number 12!

 

Anyway, it was a smart move to wait until the release of GTA. Obviously EA wants a cut.

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