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EA - Proposes Take Two Acquisition Bid

by Magerette, 2008-02-24 23:23:34

In the latest episode of corporate game company takeovers, Electronic Arts has offered approximately 2 Billion USD, or $26. per share for Take Two Interactive Software in a proposal last week to add the software company to its ranks.

ShackNews gives a summary:

 Publishing giant Electronic Arts last Tuesday proposed an acquisition of fellow publisher Take-Two at a price of $26 per share, or approximately $2 billion total.

Electronic Arts claims the proposal is more than fair, quoting the $26 share price as a 64 percent increase over Take-Two's recent stock value...

The Take-Two umbrella includes the publishing labels 2K Sports, 2K Games, and Rockstar Games. Together the labels encompass such hit properties as Rockstar Games' Grand Theft Auto, BioShock 2K Boston's Bioshock, and Firaxis' Sid Meier's Civilization.

Thanks to zyklop for the heads up in the forums. 

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