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Updated: Electronic Arts Makes A $2 Billion Cash Bid For Take-Two; TT Rejects Again, But Door Open

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imageUpdated below: Electronic Arts (NSDQ: ERTS) has made a $2 billion cash bid for Take-Two Interactive, best known for “Grand Theft Auto”.

Offer details (full offer release here as well at the offer’s special website Eatake2.com):
— The $26-per-share offer by EA represents a premium of 64 percent over Take-Two

3 Responses to “Updated: Electronic Arts Makes A $2 Billion Cash Bid For Take-Two; TT Rejects Again, But Door Open”

  3. a

    Hey Rafat!

    FYI —
    Take-Two = Grand Theft Auto
    EA = Madden and Need for Speed

    Your opening Update seems to be confusing the two: "Electronic Arts has made a $2 billion cash bid for Take-Two Interactive, best known for “Grand Theft Auto”, “Madden” and “Need for Speed”

    Regards,
    Ahmed

    February 25, 2008 at 10:11 am