February 24, 2008 - Only hours after Electronic Arts proposed a $26/ share (approximately $2 billion in total) offer to acquire Take-Two Interactive, Take-Two officials have responded with an absolute "No."
According to Reuters, Take Two has said that the offer was at a significant discount to its peers and that it came at "absolutely the wrong time."
Additionally, Take-Two called the bid "highly opportunistic" on the heels of the upcoming release of Grand Theft Auto IV on April 29.
Take-Two has offered to enter discussions with EA the day after GTA IV's release, on April 30.
source : www.ign.com
According to Reuters, Take Two has said that the offer was at a significant discount to its peers and that it came at "absolutely the wrong time."
Additionally, Take-Two called the bid "highly opportunistic" on the heels of the upcoming release of Grand Theft Auto IV on April 29.
Take-Two has offered to enter discussions with EA the day after GTA IV's release, on April 30.
source : www.ign.com
