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    EA to turn Take-Two bid hostile: WSJ

    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. ADVERTISEMENT

    A 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)

    Submitted:
    257 days ago
    Submitter:
    robot_post
    Topic:
    Game Hardware>>Gaming Industry News
    Source:
    news.yahoo.com
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