EA’s Offer to Expire
Published by Admin on August 18, 2008
Take Two has just confirmed that EA’s offer to aquire the company at $25.74 per share will expire tonight at 11:59 PM New York City time. They also mentioned that they are evaluating alternatives [like Microsoft or Sony for example] as part of Take Two’s formal process. So for now it looks like Take Two are safe from EA’s grasp but I can’t imagine that this will be the last time we hear about this.
“We welcome EA into our formal process and look forward to demonstrating to their Board the significant strides made by Take-Two since they last undertook a detailed review of our business in early 2007. Our Board remains unwavering in its belief that EA’s unsolicited conditional tender offer of $25.74 per share was inadequate and undervalued Take-Two’s world-class entertainment franchises and our strong operational and financial performance.”
Tags: EA Games, Expire, Offer, shares, take two
This item was filed under: News, Rockstar Games
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"EA’s Offer to Expire" Comments
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Just as well, I am quite disapointed in hearing that EA’s upcomming game The Godfather 2 will be a top down view stragety type game. Hardly advanced GTA clone material if you ask me. The original The Godfather had potential to make a sequal The Godfather 2. With it being a stragety game worse than that of The Sims on PC, i don’t think i will be buying that..