Shaun Nichols in California, vnunet.com27 Mar 2008
ADVERTISEMENT
Take-Two Interactive has formally rejected a
$2bn
acquisition offer from Electronic Arts.
The game development company issued a statement today declaring EA's offer to
be "inadequate in multiple respects and contrary to the best interests of
Take-Two's stockholders".
EA made the bid earlier this month, offering shareholders $26 per share.
Take-Two's board of directors and a panel of advisors took nine days to
unanimously reject the offer.
The deal would have given EA control over all of Take-Two's properties,
including Rockstar Games, developer of the controversial
Grand
Theft Auto franchise. The
fourth
GTA game is due on 29 April.
Take-Two did not entirely rule out making another deal with EA, however, or
agreeing to a different acquisition offer.
The company said that it would look at alternatives which "may include a
business combination with third parties or with EA, remaining independent, or
other strategic or financial alternatives".
Background A fantastic opportunity has just arisen within this growing multinational organisation. Working as an EMEA Advisory Consultant your main duties and responsibilities will be to provide advice and support to international organisations looking to ... more >
This is a hands-on development team lead position that will push you to the limit of your architectural and mentoring capabilities. Technical amp; development (Agile) • Create effective data solutions, in partnership with the relevant ... more >
C++ Research Developer Global Pharmaceutical Company London C++ Research Developer Biotechology Global Medical Company London Global Biotechnology Company specialising in the research and development of cutting edge health care products is looking for an innovative, ... more >
Junior Network Operations Engineer – Borehamwood - £24k Junior / entry level network operations engineer required, will be responsible for supporting external clients network and security solutions. Excellent entry level position as my client offers ... more >More job opportunities
Print
Discuss
Send to friend
RSS feeds
Over 466,000 copies of Halo 3 were sold in the first four days after release 03 Oct 2007
del.icio.us
Digg this
reddit!
