TITLE

Take-Two Rejects EA's $2B Bid

AUTHOR(S)
Schachter, Ken
PUB. DATE
February 2008
SOURCE
Red Herring;2/25/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the board of Take-Two Interactive Software to reject the $2 billion buyout offer of Electronics Arts. Take-Two claims that the $26 per share cash offer issued by Electronic Arts undervalues the company's game franchises. After such decision, the shares of Take-Two increased by 49.2 percent, while shares of Electronic Arts decreased by 3.3. percent.
ACCESSION #
36876231

 

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