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Thu Mar 13, 1:26 AM ET
NEW YORK (Reuters) - Electronic Arts Inc (ERTS.O) plans to make a tender offer to acquire all of rival video game publisher Take-Two Interactive Software Inc's (TTWO.O) outstanding shares for $26 each, the Wall Street Journal reported on Thursday, citing people familiar with the matter. ADVERTISEMENTA spokesman for Electronics Arts was not immediately available.
On February 24 EA made an unsolicited bid of $26 a share, or $1.9 billion, for Take-Two, publisher of the Grand Theft Auto game. Take-Two rejected the bid as inadequate.
Take-Two shares closed up on Wednesday at $24.91 on Nasdaq. (Reporting by Yinka Adegoke)
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