Wednesday, February 27, 2008

Electronic Arts in Hostile Bid to Acquire Take Two

Entertainment software giant Electronic Arts announced Feb. 24 that it was seeking to merge with GTA publisher Take Two Interactive in what would be a two billion dollar deal.

– Oh, crap...

Take Two Interactive released a response to Electronic Arts’ hostile takeover bid, where the board confirmed EA’s offer and pronounced it "inadequate in multiple respects and not in the best interests of Take-Two’s stockholders."– Yay! Go Take-Two!

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