TITLE

Game On for EA and Take-Two?

AUTHOR(S)
Schachter, Ken
PUB. DATE
March 2008
SOURCE
Red Herring;3/27/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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. Take-Two added that the offer of EA does not reflect its restructuring efforts that are expected to save at least $25 million per year.
ACCESSION #
36876259

 

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