Tags: Electronic Arts, Grand Theft Auto, Grand Theft Auto IV, GTA, Take-Two, Take-Two Interactive Software
Electronic Arts: Take-Two offer would not be renewed today
Videogame industry giant Electronic Arts has announced that they are not going to renew their acquisition offer for Take-Two Interactive Software.
They are not extending the offer once more as they believe that the merger could not possibly happen before the holiday season.
Take-Two has been rejecting repeated offers from EA saying that they were undervaluing their worth.
Take-Two is the company behind the massively popular and successful GTA videogame series. The latest in the series Grand Theft Auto IV broke several records at its launch.
Take-Two said in the statement: “Our board remains unwavering in its belief that EA’s unsolicited conditional tender offer of $25.74 per share was inadequate.”












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