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Electronic Arts Offers $2B For Take Two

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."

4 of 173 comments (clear)

  1. Take Two ~~ Yahoo? by Rinisari · · Score: 4, Interesting

    I wonder if Take Two's shareholders will sue the board now similarly to Yahoo's shareholders.

  2. Politics and financial consequences. by palegray.net · · Score: 3, Interesting

    Given Hillary Clinton's ongoing fight to convince America that she's better at parenting our kids than we are, these sorts of buyouts may wind up being poor judgment calls should she somehow get elected...

  3. Re:Oh God no.... by Chris+Mattern · · Score: 3, Interesting

    You go back far enough, and you realize they also ate themselves. Remember when Electronic Arts meant Pinball Construction Set? Chuck Yeager's Advanced Flight Sim? M.U.L.E.? Archon? The creativity in Electronic Arts was once nothing short of amazing.

  4. Re:Oh God no.... by Mr_eX9 · · Score: 3, Interesting

    Maxis may have gotten decapitated, but EA is still giving Will Wright their full support. We'll see the fruits of their labor when Spore finally comes out later this year.

    And the real test to whether or not EA is going to stop screwing up their acquisitions will be the fate of Pandemic/BioWare. The jury's still out on that one.