Take Two says ‘no thanks’ to EA
Take-Two Interactive has turned down an offer from Electronic Arts, according to a statement from the firm. EA reportedly offered to buy the firm at $26 U.S. per share.
Electronic Arts has been attempting to acquire Take-Two for some time, but the firm is determined to hold out until they release Grand Theft Auto IV in a month. Take-Two says they will revalue their stock options after the game is released.
The company says it will discuss “strategic alternatives” and “business combination” options with interested parties.
Tags: acquisition, EA, Grand Theft Auto, interactive, T2, take-two