Sunday, February 24, 2008

EA bids $2 Billion for Take Two

In breaking news this morning, Voodoo Extreme (along with every other Gaming website) is reporting that EA has launched a hostile takeover bid for Take Two, for the princely sum of $2 Billion.

Initially proposed to the Take Two board, and summarily dismissed, EA will now go directly to Take Two's shareholders in a bid to gain control of the company.

Apparently the Lure of GTA 4, and not being big enough already were motivation enough for EA...

More as it breaks...

EA Bids $2 Billion for Take Two (Voodoo Extreme)

UPDATE: Take 2 have formally responded to EA's $26/share offer with a categorical 'NO WAY", calling the bid "Highly Opportunistic", referring to the upcoming release of GTA 4, and undervalued.

Take 2 rejects EA offer (Reuters)