It look like EA really wants Take-Two badly. EA has just announced it has extended for a fifth time its unsolicited offer to acquire all of Take-Two’s outstanding shares untill August 18, 2008. The extension comes, as previously rumoured, after approximately 11,741,339 shares of Take-Two had been tendered in by the previous deadline of July […]
2K Games has announced today that it has signed an agreement with Digital Extremes to assist in the development of BioShock for the PS3. Bioshock for the PS3 is scheduled to be shipped to retailers in October 2008 with new features and content. This PPS3 system version of BioShock is being developed by 2K Marin, […]
In the middle of Electronic Art’s dreadfully slow takeover dance with Take-Two, it’s been speculated that the affair could ascend into a veritable ménage a trois, with Ubisoft now being marked as a potential future suitor for the Grand Theft Auto publisher if it continues to spurn the Redwood giant.
A Forbes report postulates on a […]
2K Sports, the sports publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), has just announced that 11-time NBA All-Star and 2008 Defensive Player of the Year Kevin Garnett of the Boston Celtics will be featured as the cover athlete and spokesman for NBA 2K9. After leading the Boston Celtics to the greatest single-season turnaround […]
Grand Theft Auto IV Breaks Guinness World Records With Biggest Entertainment Release Of All-Time
London, UK, 13th of May - The famed Grand Theft Auto series has made headlines yet again! As newly-released sales figures show, Grand Theft Auto IV has crushed the competition by selling 3.6 million units and earning $310 million in its first […]
The New York Times has reported that Grand Theft Auto IV pulled in more than $500 million in its first week, selling an astounding 6 million copies globally, 3.6 million of them on the first day alone. This morning Take-Two confirmed the report, adding some well-deserved back-patting to the numbers.
To put it in perspective Halo […]
After Electronic Arts lowered its offer to acquire Take-Two from its original offer $26 per share to $25.74, Take-Two still has rejected the offer.
“[EA’s proposal] undervalued the company at $26 per share, and it certainly undervalues Take-Two at $25.74,” chairman Strauss Zelnick, said in a statement Friday following the revised offer.
EA is now turning to Take-Two’s shareholders to divest them of their share at $26 USD, The same amount offered by EA to Take-Two’s board of governors. EA big boss John Riccitiello says:
This is a great opportunity for Take-Two shareholders. We believe Take-Two investors will see our tender offer as the best way to maximize […]
As everyone expected, the merger between Vivendi Games and Activision that led to the birth of Activision-Blizzard, the new no.1 video game publisher in the world, didn’t sit too well with, now second biggest publisher, EA Games. So they’re thinking of solutions to get back in the top spot, and acquiring Take-Two Interactive seems to […]
Games Industry Wire: Games industry news from b5media
Written by Kevin Codamon [email] for b5media.
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