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Electronic Arts Offers $2B For Take Two

Posted by kdawson on from the something-in-the-air dept.

quanticle writes "The New York Times is reporting that EA has offered $2B for Take Two Entertainment. The effort appears to be a move to consolidate the two companies before Take Two releases the next iteration of its blockbuster franchise, Grand Theft Auto 4. Take Two has politely declined the offer."

1 of 173 comments (clear)

  1. REJECTED by Zaffo · · Score: 4, Informative
    The latest word is that Take-Two Interactive's Board of Directors has rejected EA's offer: http://biz.yahoo.com/bw/080224/20080224005068.html

    Take-Two's Board of Directors has thoroughly reviewed EA's unsolicited proposal with the assistance of its independent financial and legal advisors and concluded that the proposal is inadequate in multiple respects and not in the best interests of Take-Two's stockholders.