Take-Two still not giving in to EA
Electronic Arts is still hoping to acquire Take-Two Interactive, the publishers of Grand Theft Auto IV. This week, they renewed their bid of $25.74 U.S. to buy the company.
The offer, which had expired last Friday, values the video game publisher at over $2 billion. EA has been pushing to take over the firm for months, and Take-Two previously insisted that the company wait until GTA IV hit the streets.
Take-Two CEO Strauss Zelnick can only shake his head at the deal. He says that when the board originally received the offer back in March, they “unanimously determined to be inadequate and contrary to the best interests of Take-Two’s stockholders.”
The company isn’t closed-minded on selling, says Zelnick. “The Board is committed to maximizing stockholder value and is exploring all strategic alternatives to do so. We said we were willing to begin formal discussions with interested parties on April 30th, following the launch of Grand Theft Auto IV, and we have in fact begun that process.”
The huge success of Grand Theft Auto IV, and a new Bioshock movie deal with Universal are raising the profile, and price, of Take-Two. If EA hopes to acquire the company, they may have to raise their bid or make some adjustments to their strategy.
Tags: EA, Grand Theft Auto, gta iv, T2, take-two
#1 Blair Landon
June 4th, 2008 at 4:20 pm
I heard that Gore Verbinski is going to direct the Bioshock movie. I have faith in Gore Verbinski I think he knows what makes a good movie and what doesn’t. Did you hear they are making a movie out of City Of Ember too! The preview reminded me of Bio-Shock, in fact I thought that was the trailer. But The movie looks like it’s going to be awesome. The set designer for Titanic and Nightmare Before Christmas is doing the sets for the movie, and from what I can from the trailer it looks so creepy/awesome!
My name is Blair Landon and I am an official ambassador for City of Ember. I have access to first-look pics of the movie not seen in the trailer (located on MySpace), and i’d love you to take a peak at them! I could also really use your help in spreading the word about COE and get lots of buzz going!
Don’t forget to check out the widget we have too. It’s pretty interactive and shows you where all the other City of Ember fans are around the world!
Again, I hope I’m not over-stepping and bounds by posting on your blog.
Best,Blair Landon
Official COE Ambassador
blair.ambassador@gmail.com
Links
Official Site: http://www.cityofember.com/
MySpace: http://www.myspace.com/cityofemberambassador
Widget: http://www.cityofember.com/widget.html