Turn off the Ad Banner  

To print: Select File and then Print from your browser's menu.

    -----------------------------------------------
This story was printed from CdrInfo.com,
located at http://www.cdrinfo.com.
-----------------------------------------------

Appeared on: Monday, February 25, 2008
Electronic Arts offers $2 bln Cash for Take-Two

Video game publisher Electronic Arts on Sunday offered to buy rival Take-Two Interactive Software Inc, best known for its "Grand Theft Auto" title, for about $2.0 billion in cash.

The $26-per-share offer by Electronic Arts, which publishes blockbuster games like "Madden" and "Need for Speed," represents a 50 percent premium to Take Two's closing stock price of $17.36 on Friday.

EA said that the board's subsequent rejection of the EA proposal prompted EA to release the letter and bring its proposal to the attention of all Take-Two shareholders.


Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .