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Thursday, 27 March 2008 10:04

The battle for Take-Two drags on

Written by Nadan Hadzibeganovic

Image
Image

EA's offer under fire

 

The battle for Take-Two Interactive continues and Electronic Arts isn't giving up that easily. Yesterday, Take-Two issued an advisory to its stock holders, recommending that they not sell their stock at $26 per share, as offered by EA.

Of course, Take-Two believes that its stock price is going to rocket skywards after the company releases GTA 4. This is not the only reason, as other bidders seem to be interested in Take-Two, and a merger is also an option. It's unclear how serious these offers are, but at least they will help Take-Two convince its stock holders to wait a bit longer.

Stock holders have until April 11th to make up their minds.

Last modified on Thursday, 27 March 2008 21:17

Nadan Hadzibeganovic

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