3 posts and columns on Entertainment Arts

EA Extends Bid for Take-Two, Which Again Says "No"

in News on June 17, 2008 at 8:46 am PT

Electronic Arts (ERTS) this morning extended its offer for Take-Two Interactive (TTWO) to July 18. EA continues to offer $25.74 a share in cash. Take-Two issued a statement today in which it once again rejected the Electronic Arts bid. “The latest extension of EA’s unsolicited, highly conditional tender offer does not alter the fact that their proposal still significantly undervalues Take-Two,”