Jitway Posted February 25, 2008 Share Posted February 25, 2008 EA, the world's largest independent video game publisher, said it was releasing details of the proposal to get the attention of Take-Two shareholders after Take-Two's board turned down its second bid in two weeks. In its response, Take-Two called the EA offer a "highly opportunistic" attempt to take advantage of the game's upcoming release. "Electronic Arts' proposal provides insufficient value to our shareholders and comes at absolutely the wrong time," Take-Two chairman Strauss Zelnick said in a statement Sunday. Zelnick said EA rejected Take-Two's offer to resume discussions of the takeover bid the day after "Grand Theft Auto IV" hit store shelves. EA said it offered $26 per share Tuesday after Take-Two rejected a $25-per-share bid earlier this month. To me this looks like EA is learning from Microsoft. If you reject our offer we will just bring it to the attention of the shareholders and see what they have to say about it. Get the full story HERE Link to comment Share on other sites More sharing options...
Fatal Rose Posted February 25, 2008 Share Posted February 25, 2008 Interesting, what do you think will come of this? Link to comment Share on other sites More sharing options...
Agozer Posted February 25, 2008 Share Posted February 25, 2008 EA will be the spitting image of SkyNet. Link to comment Share on other sites More sharing options...
JKKDARK Posted February 25, 2008 Share Posted February 25, 2008 EA want to ruin the gaming industry Link to comment Share on other sites More sharing options...
ken_cinder Posted February 25, 2008 Share Posted February 25, 2008 Wow, old. Take Two already shot down this offer long before you posted this. Both of them infact. Link to comment Share on other sites More sharing options...
Jitway Posted February 25, 2008 Author Share Posted February 25, 2008 Just a update as Cindr seems to be right. EA has already sent two offers to the company, both of which have been turned down by the Take-Two's board. Its next step will be to release the details of the proposal to generate some grassroots shareholder support for its efforts In an effort to speed the process, EA urged the company to quickly approve the deal so additional marketing power can be put behind the highly anticipated Grand Theft Auto IV, to be released April 29. However, Take-Two responded that such a claim was "opportunistic," and brushed it aside. Link to comment Share on other sites More sharing options...
gavin19 Posted February 25, 2008 Share Posted February 25, 2008 (edited) EA will be the spitting image of SkyNet. Lol, scary but not unlikely. However, Take-Two responded that such a claim was "opportunistic," and brushed it aside. Good for them, glad to hear it Edited February 25, 2008 by gavin19 Link to comment Share on other sites More sharing options...
L.S.D Posted February 26, 2008 Share Posted February 26, 2008 i really hope not. EA games sucks. They used to have good games, but they keep on reharsing old formulas until they are ancient Link to comment Share on other sites More sharing options...
Lucandrake Posted March 1, 2008 Share Posted March 1, 2008 Umm, EA sucks...... Link to comment Share on other sites More sharing options...
Jitway Posted March 1, 2008 Author Share Posted March 1, 2008 There are reports of 2 other companies trying to buy them out as well. Though I could not find out who they where. Link to comment Share on other sites More sharing options...
ken_cinder Posted March 1, 2008 Share Posted March 1, 2008 Ubisoft is one, the other I have no idea. Was not aware of a third. Link to comment Share on other sites More sharing options...
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