Electronic Arts bid for Take-Two could turn hostile
Videogame Developers March 13th, 2008
Electronic Arts bid for Take-Two could turn hostile
Market sources claim that Electronic Arts is now planning to launch a tender offer for all outstanding shares of rival Take-Two Interactive Software.
This means that their earlier announced bid could now be turning into a hostile bid.
Take-Two had rejected that offer saying that it was too low. The offer came at a time when the company is preparing to launch GTA4 which is expected to become the biggest gaming title of the current year.
Take-Two spoke about GTA4: “Pre-orders for GTA are very firm and better than we expected internally.”
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