Take-Two responds to EA’s Takeover extension offer

May 19, 2008 by Raj
Filed under Corporate, Development, Miscellaneous, Newsbits, Press Releases

More twists & turns in Take-Two/EA fairytale, Take-Two’s response is still NO.

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 third time its unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares. As reported by EA, only 6,210,261 of Take-Two’s outstanding shares, or approximately 8.0% of the total, tendered into EA’s offer as of 5:00 p.m. Eastern time on May 16, 2008. Read more

Tags: Chief Executive Officer, Conditional Offer, Conditional Proposal, Creative Resources, Dynamic Industry, Electronic Arts, Electronic Arts Inc, Erts, Formal Discussions, Game Launch, Grand Theft Auto, Grand Theft Auto IV, Intellectual Property World, Notable Events, Outstanding Shares, Sales Performance, Stockholder Value, Strauss Zelnick, Take Two Interactive Software Inc, Ttwo