Take-Two Rejects EA's $2B Bid

Schachter, Ken
February 2008
Red Herring;2/25/2008, p3
Trade Publication
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.


Related Articles

  • EA Bids $1.9 Billion for Take-Two Interactive.  // Red Herring;2/25/2008, p6 

    The article reports on the unsolicited bid offered by video game firm Electronic Arts offer for video game publisher Take-Two Interactive Software. Electronic Arts issued a $1.9 billion offer or Take-Two, which is said to be its response to Activision's $18 billion acquisition of the gaming unit...

  • Electronic Arts Gags on 'Poison Pill'. Schachter, Ken // Red Herring;3/28/2008, p2 

    The article reports that Electronic Arts (EA) has maintained its takeover offer for Take-Two Interactive Software. EA argued that its $26 per share offer, which is a 64 percent premium over Take-Two's closing stock price, represents fair value. However, EA threatened to withdraw its offer if...

  • Game On for EA and Take-Two? Schachter, Ken // Red Herring;3/27/2008, p5 

    The article reports on the possible acquisition of Take-Two Interactive Software by Electronic Arts (EA). In a government filing, EA said its $26 per share offer is full and fair. However the board and financial advisors Bear Stearns and Lehman Brothers of Take-Two see the offer as inadequate....

  • Takeover Code changes.  // Accountancy;Apr2002, Vol. 129 Issue 1304, p89 

    This article reports that the Panel on Takeovers and Mergers has decided to change the auction procedure in Great Britain. The Panel has decided that if a competitive situation between two bidders exists in the later stages of an offer period, then the Panel will normally require revised offers...

  • EA tries take two in bid for 'Auto' maker. Fritz, Ben // Daily Variety;2/25/2008, Vol. 298 Issue 35, p5 

    The article reports on Electronic Arts' decision to go public with a $2 billion offer for Take-Two Interactive that the "Grand Theft Auto" publisher's board has rejected. On February 19, 2008, Electronic Arts made its second bid for the company at $26 per share. Take-Two executive chairman...

  • EA plays nice with Take-Two. Fritz, Ben // Daily Variety;8/19/2008, Vol. 300 Issue 32, p1 

    The article reports on the withdrawal of Electronic Arts Inc. to its $2 billion tender offer for Take-Two Interactive Software Inc. in the U.S. The reason for the withdrawal was explained by executive John Riccitiello through his letter to Take-Two chairman Strauss Zelnick, in which he is still...

  • Acquisition plans bring shared angst. Fritz, Ben // Variety;4/14/2008, Vol. 410 Issue 9, p4 

    This article reports on acquisition offers made to web portal Yahoo by Microsoft and to videogame publisher Take-Two Interactive by Electronic Arts (EA). In both cases, management initially rejected purchase offers and both EA and Microsoft may have to take their offers to shareholders. The...

  • PUSHING BUTTONS. Fritz, Ben // Daily Variety;2/26/2008, Vol. 298 Issue 36, p1 

    The article reports that the battle for the acquisition of U.S.-based video game publishing company Take Two Interactive Software Inc. has broken out on February 25, 2008. Electronic Arts Inc. offered $2-billion to acquire Take Two but the company's leadership team urge the management to reject...

  • Take-Two plays the field. FRITZ, BEN // Daily Variety;3/27/2008, Vol. 298 Issue 57, p1 

    The article reports developments on the $2 billion bid of Electronic Arts (EA) company for Take-Two Interactive Software Inc. in Hollywood, Los Angeles, California. The video game publisher has officially recommended that stockholders reject the bid. However, he said it will begin discussions on...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics