In this episode of Behind the Money, we speak with Matthew Wurtzel, editor of Dealscape, about the expiration of Electronic Arts bid for Take-Two Interactive on May 16, 2008.
In March, New York-based Take-Two rejected a $26 a share, or $2 billion offer from EA and said it would not negotiate with any prospective buyer until after release of its "Grand Theft Auto IV" video game on April 29. Take-Two said the crime-themed video game sold 6 million units globally in its first week with an estimated retail value of more than $500 million. With the deadline coming up will Electronic Arts increase the offer or will they abandon the bid?
For more insight check out:
TheDeal's:EA: Clock ticks for Take-Two TechConfidential's: EA: 'We don't need Take-Two' TechConfidential's: EA, Take-Two far apart on price
