ELECTRONIC ARTS MAKES OFFER FOR TAKE-TWO INTERACTIVE
Yeah, you're probably groaning right now as much as I am. If this article over at Kotaku is right, then it appears that Electronic Arts has made a considerable offer to acquire longtime rival Take-Two Interactive (2KGames, Rockstar, etc).
According to the article, EA isn't fooling around either. The offer they've made is supposedly $26 a share - some 64 percent higher than the stock was selling for roughly one week ago. That's considerable money, though I'm sure the stock itself would see a rise as we approach the launch of Grand Theft Auto IV.
It also seems that Take-Two has already spurned this offer, and much like the ongoing situation between Microsoft and Yahoo, Electronic Arts will be taking their offer directly to the shareholders of the company - the question now is just how much faith do those shareholders have in TakeTwo's current management and GTAIV.
Wow, I didn't think I'd hear one this week that would dwarf the rumor that Microsoft was looking to acquire Epic, but here it is. We'll be sure to keep you updated on any movement on this story as we hear about it.
EDIT: While posting this one, it appears the news is breaking everywhere about this offer, making it appear that it is indeed legitimate. May God have mercy on our consoles. Consider this rumor confirmed. (The offer, not that it is a done deal)
- Electronic Arts - Company website
- Take-Two Interactive - Company website
- EA Makes Offer to Buy TakeTwo - Kotaku
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