Thursday, March 13, 2008
Electronic Arts plans a tender offer for all shares of Take-Two at $26. Take-Two's board previously rejected its unsolicited bid for the same price, which at that time was a 50% premium over the market price, and described the offer as too low and ill-timed. Take-Two is the publisher of Grand Theft Auto. WSJ, EA's Take-Two Saga Turns Hostile.