Deadline of EA's Take-Two acquisition passes, no comments

Tyranitar24 | May 18, 2008 | News | Company

The May 16th deadline for shareholders to determine what will happen to Take-Two Interactive has passed and neither T2 or EA have commented EA's takeover bid of the company. It is in (EA's) court.," T2 representative Meg Maise said, after saying "there is nothing going on" between the two companies. EA did not AFP requests for comment. While EA maintains it factored the predictable success of GTA: IV, analysts think it puts pressure on the world's largest video game maker to up the stake. T2 might have an additional advantage due to an announced deal with Universal Pictures to have Bioshock made into a movie directed by Gore Verbinski, who also directed the Pirates of the Caribbean trilogy.

A deadline for Take-Two Interactive Software shareholders to agree to a buyout by video game giant Electronic Arts has passed with neither firm commenting on the takeover bid's fate.
Advertisement

EA took its two-billion-dollar offer directly to Take-Two shareholders after the board of directors rejected the bid.

"There is nothing going on right now," Take-Two spokeswoman Meg Maise said when asked about the status of the bid Friday afternoon. "It is in (EA's) court."

EA did not return AFP requests for comment.

While EA maintains it factored the predictable success of "GTA: IV" into its offer, analysts believe the game's superstar performance puts pressure on the world's largest video game maker to up the ante.

Take-Two might have additional leverage due to a freshly announced deal with Universal Pictures to have its "Bioshock" video game made into a movie directed by Gore Verbinski, who directed the "Pirates of the Caribbean" trilogy.

1 comments | go to source (uk.news.yahoo.com) | Add to favorites!

favourite this article |

send to friend |

add alt source

68	Diablo 3 Designer Comments on Fan Designs (4) August 5, 2008
62	'300' director to make games for EA (10) October 1, 2008
41	Rune Factory Frontier Site Update: Comments from the Voice Actors (0) September 8, 2008
55	EA announces the Mirror's Edge "Runner's Bag Bundle" (3) September 26, 2008
60	EA's Stance on Copying software in the 80s (11) October 6, 2008

Comments

Comments with -10 or lower "thumbs" are removed from display.

0 thumbs!
Final Blade | May 18, 2008

_{Good, don't accept EA offer. You just got a shit load of money thanks to GTA4 opening week sales.

I agree, the Bioshock movie should be awesome, since the PoTC Director is doing it.}