25
Feb
08

EA Bid Rejected

Reuter’s Reports

NEW YORK, Feb 24 (Reuters) – Take-Two Interactive Software Inc (TTWO.O: Quote, Profile, Research) on Sunday rejected an unsolicited, $26-per-share offer by Electronic Arts Inc

The company said it had offered to enter a dialogue with EA on April 30, a day after Grand Theft Auto IV’s scheduled release. (Reporting by Ritsuko Ando)

Well that was fast! Makes sense on Take Two’s part to do it after GTA IV’s release. They’d be in a good position to negotiate a price after they show EA the obscene amount of money they’ll reap after just Day 1 of GTA4 sales.

Lots of action going on for a Sunday.

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About

Hi, I'm a nobody. But I want to be Somebody - specifically when it comes to games. I've always thought I'd grow out of them, but ever since I was a little kid, I've been playing them. On my quest of becomming Somebody, I've been looking at The Biz and had some crazy ideas of my own. Instead of abandoning them to memory, I've decided to keep a log of them here. It just might come in handy some day.
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