EA Extends Take-Two Offer, Take-Two Wants More Money
May 19th, 2008 by Rajiv Ashrafi in Business, News
And it’s on once more… EA has once again extended its offer to acquire Take-Two Interactive, the publisher of blockbuster titles such as Grand Theft Auto IV and BioShock.
“Extending our offer will allow the FTC review process to continue,” said Owen Mahoney, Senior Vice President of EA Corporate Development. “EA’s offer price remains unchanged at $25.74 per share and our offer is still subject to conditions that include regulatory approval. As stated earlier, we retain the right to terminate the offer if the conditions are not satisfied.”
Take-Two has already officially responded, saying that it is the same conditional proposal EA originally offered to the company’s stockholders; it was deemed inadequate and contrary to the best interests of the company’s stockholders as decided by the Board of Directors. In other words, Take-Two is basically asking for more money.
Let’s see how this goes. It feels more like Microsoft-Yahoo once again.
Tags: Business, News
May 19th, 2008 at 11:45 pm
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