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EA's Take-Two deadline expires

by on19 May 2008

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Did they buy it or not?


The
deadline for Take-Two Interactive Software shareholders to agree on EA's buy out passed with neither firm saying if it happened or not.

EA took its two-billion-dollar offer directly to Take-Two shareholders after the Board of Directors of Take-Two said EA had not offered enough and had undervalued "Grand Theft Auto" franchise. Take-Two spokeswoman, Meg Maise, said it was still waiting to hear from EA.

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."

More here.
 

Last modified on 19 May 2008
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