Take-Two rejects $2 Billion Dollar EA Takeover Bid
Only hours after Electronic Arts had proposed a $26/ share (approximately $2 billion in total) offer to buy out Take-Two Interactive, the Take-Two board have responded with an absolute “No.”
According to Reuters, Take Two has said that the offer was at a “devaluation” of what the company has done and is trying to do and that it came at “absolutely the wrong time.” Additionally, Take-Two called the bid “highly opportunistic” on the heels of the upcoming release of Grand Theft Auto IV on April 29.
Take-Two has offered to enter discussions with EA the day after GTA IV’s release, on April 30. Wise move , Take-two.
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POSTED IN: 'Wire' Reports, Business Deals, Game Publishers, Mergers-Acquisitions
1 opinion for Take-Two rejects $2 Billion Dollar EA Takeover Bid
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Mar 1, 2008 at 4:19 pm
[…] from Games Industry Wire reports on the shot down buy out bid of roughly $2 billion dollars made by Electronic Arts to Take-Two. Not only did the Take-Two board give the deal two […]
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