Take 2 Calls EA Inadequate

Posted: Mar 26 2008, 9:05am CDT | by , Updated: Aug 11 2010, 6:56am CDT, in Gaming


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EA decides that it wanted to add Take 2 Interactive to its roster of holdings. Take 2 is well known as a publisher of some of the most popular games for console and PC systems including Bioshock, Grand Theft Auto and the controversial Man Hunt series.

EA offered to buy Take 2 out for $26.00 net per share. Take 2 suggested to its stock holders that they reject the offer as inadequate. According to Take 2 its stock is trading right now at a high of $26.05 per share.

Take 2’s board also says that they will be pursuing alternate, better offers for a possible sale. Take 2 seems to feel that after the next version of Grand Theft Auto launches in late April its stock will be worth even more.

Via Take 2 Interactive

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
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