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> The struggle continues, Electronic Arts charges again
Azrael Strife
post 29th March 2008, 5:43am
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QUOTE
Following publisher Take-Two Interactive Software's recommendation that its stockholders deny a hostile takeover attempt by rival publisher Electronic Arts, EA has submitted a slightly amended offer to the company's shareholders.

Take-Two Interactive is the owner of numerous popular properties, such as Grand Theft Auto, Max Payne, and BioShock, and development studios, including the various branches of Rockstar, 2K Boston, 2K Marin, 2K Czech, and 2K Australia.

While the basic premise remains the same--a payout of $26.00 per share--Electronic Arts extended the deadline by a week to reflect Take-Two's week-long delay of its annual stockholder meeting, which is now scheduled for April 17. The offer now expires on April 18, 2008.

According to EA, the offer of $26.00 per share represents a 64% premium over Take-Two's closing stock price on February 15, which was the last trading day before EA sent its revised proposal to Take-Two. As of this writing, Take-Two's stock is valued at $25.55 per share.


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Bomb Bloke
post 30th March 2008, 1:52am
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If EA's offer ends, Take2's share price will fall with the sudden lack of demand.

However, when GTA4 comes out, it's gonna soar upwards again.


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FullAuto
post 31st March 2008, 3:00pm
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That's all EA are after. Then they can really churn out the GTA games.
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