Take-Two/EA Saga - Part IV

June 18, 2008 by Raj
Filed under Corporate, Development, Miscellaneous, Newsbits, Press Releases

The magical fairy tail of a capitalist corporation hell-bent on swallowing a talented publisher continues…..

Press Release:

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today responded to Electronic Arts Inc.’s (NASDAQ:ERTS) announcement that it is extending for a fourth time its unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares.

As reported by EA, only 6,139,824 of Take-Two’s outstanding shares, or approximately 7.9% of the total, tendered into EA’s offer as of 5:00 p.m. Eastern time on June 16, 2008. Read more

Tags: Business Combination, Capitalist Corporation, Chief Executive Officer, Electronic Arts, Electronic Arts Inc, Erts, Fairy Tail, Financial Progress, Grand Theft Auto, Grand Theft Auto IV, Outstanding Shares, Overwhelming Number, Product Pipeline, Runaway Success, Stockholder Value, Strauss Zelnick, Take Two Interactive Software Inc, Tender Offer, Ttwo, Unanimous Agreement