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Deadline passes in EA bid to buy Take-Two Interactive shares

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A deadline for Take-Two Interactive Software shareholders to agree to a buyout by video game giant Electronic Arts has passed with neither firm commenting on the takeover bid's fate.

EA took its two-billion-dollar offer directly to Take-Two shareholders after the board of directors rejected the bid, saying it undervalues the company behind blockbuster video games including the hot "Grand Theft Auto" franchise.

EA set Friday as the expiration date for its offer to buy shares of Take-Two stock for 26 dollars each. Take-Two shares were priced slightly above that amount in after-hours trading.

"There is nothing going on right now," Take-Two spokeswoman Meg Maise said when asked about the status of the bid Friday afternoon. "It is in (EA's) court."
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uk.news.yahoo.com
omni_atlas - contributor
Published: 587 days 5 hours ago | News | PlayStation 3 | Xbox 360
 
 

Showing: 1 - 11 of 11 Comments
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xaphanze - 587 days 14 hours ago
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1 -
Thank God.
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-EvoAnubis- - 587 days 6 hours ago
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2 - LMAO!
"Take-Two's board refused to even discuss a takeover with EA prior to the April 29 launch of "Grand Theft Auto IV: Liberty City Stories," which tallied a record-breaking 500 million dollars in sales in its first week."

WTF is GTAIV: Liberty City Stories? Did R* do an expansion pack already?
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ikiru3385 - 587 days 5 hours ago
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2.1 -
there goes the credibility of that site
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MK_Red - 587 days 5 hours ago
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2.2 -
LOL, that was a classic.

Official Yahoo news... LMAO. At least they didn't say San Andreas Stories.
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niall77 - 587 days 5 hours ago
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3 - So...
.. is it over now?

is take2 free?
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Tetsuryu - 587 days 3 hours ago
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3.1 -
If Yahoo news is to be believed, it appears they have been liberated.
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Premonition - 587 days 2 hours ago
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4 -
OWNED!, lol i remember on G4TV-THE FEED, if EA couldn't buy out Take 2, then they would have to pay back that 2 billion back with interest.
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buddyro - 587 days 1 hour ago
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5 - EA all I have to say is Tisk Tisk Tisk
please don't try again you will look desperate why do you think Microsoft never asked again for another attempt at Yahoo.
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HB-Sauce - 587 days 1 hour ago
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6 - Somehow
I don't think EA completely finished with Take-Two just yet.
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RecSpec - 587 days ago
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6.1 -
No way, this ain't over yet.
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PoSTedUP - 587 days ago
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7 -
i am the happiest man on this web sight as of right now. thats the best news i could ever here right now. but check this sh*t out!

http://boardsus.playstation...
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