Slashdot Mirror

← Back to Stories (view on slashdot.org)

EA Launches 'Hostile' Bid for GTA Publisher

Posted by Zonk on from the here-we-go dept.

Games news sites are reporting that EA has issued a new offering to Take-Two's shareholders in an attempt to purchase the company outright. Last month EA offered some $2 billion to Take-Two in an effort to accomplish the same goal. Take-Two declined, and EA took their offer public. Now, Electronic Arts is offering the price of some $26 per share to Take-Two's holders, a generous valuation. "Within ten business days Take-Two is required by law to publish, send or give to shareholders (and file with the Securities and Exchange Commission), a statement as to whether it recommends acceptance or rejection of the latest offer ... Since EA launched its February bid Take-Two said that other parties had approached it regarding a merger, but that it hadn't entered into negotiations with other companies about a deal."

2 of 171 comments (clear)

  1. Re:If this goes through.. by BosstonesOwn · · Score: 0, Offtopic

    Hope my dealer makes it in , he has some of the best smoke on the east coast !

    --
    This package Does Not Contain a Winner
  2. Re:If this goes through.. by BosstonesOwn · · Score: 0, Offtopic

    Yes there is ! it comes from BC :)

    --
    This package Does Not Contain a Winner