X

EA Offers $2 Bil. For Take-Two

sjohnson
8 Comments

Posted February 25, 2008 - By Stephen Johnson

Take-Two? More like take two billion.

Electronic Arts has offered two billion dollars in a bid to take over Take-Two interactive. Take-Two, so far, has rebuffed EA's offers.

"There can be no certainty that in the future EA or any other buyer would pay the same high premium we are offering today," EA Chief Executive John Riccitiello wrote in a letter to Take-Two released Sunday.

"Electronic Arts' proposal provides insufficient value to our shareholders and comes at absolutely the wrong time," Take-Two chairman Strauss Zelnick replied in a statement.

At issue: Grand Theft Auto 4. While EA contends a takeover would allow the publishing juggernaut to put its marketing power behind the upcoming blockbuster, Take-Two would like to wait until after the game is released to talk turkey with EA.

Take-Two's was worth $15.83 on Feb. 15, and EA's offer is buy the stock at $26 a share.

Associated Press: Electronic Arts Offers $2B for Take-Two

Tags: Videogames
EA Offers $2 Bil. For Take-Two
http://www.g4tv.com/thefeed/blog/post/683074/ea-offers-2-bil-for-take-two/
BlogThread_683074

ADVERTISEMENT

Blog Tags

g4tv.com
  • International Sexy Ladies Show: Messy Cat Fight

    Posted: January 27, 2010

    644,696 Views | 00:49

  • Sara Underwood's Naked Bike Ride

    Posted: June 22, 2011

    1,316,284 Views | 05:20

  • Laser Snake Robots, More Mars Rovers and BigDog Is Back

    Posted: September 25, 2012

    1,290 Views | 03:00

  • NBA 2K13 Launch Trailer

    Posted: October 4, 2012

    5,601 Views | 01:53

  • Casual Vomiting - Web Soup Investigates

    Posted: March 30, 2011

    7,570 Views | 02:52

AdChoices