Take-Two: Others interested in bidding

Apparently other bidders are interested in video gaming company Take-Two Interactive Software Inc. In a proxy filing with the Securities and Exchange Commission Thursday, the maker of the "Grand Theft Auto" video game series said that other companies are interested in buying it, but Take-Two has not received any formal offers and is not negotiating a merger with anyone. The company rebuffed a $2 billion buyout offer earlier this week from Redwood City, Calif.-based Electronic Arts Inc.

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Take-Two, which is based in New York, said in the filing "since the issuance of the press release by EA the company has received informal indications of interest in a business combination." However, Take-Two "has not engaged in any substantive discussions with any party (including EA) with respect to a business combination," the filing said.

The statement said that information was up to date as of Wednesday, and the company does not plan to update shareholders on any merger discussions unless it is legally required to do so. The filing was made ahead of Take-Two's annual meeting of shareholders on April 10. - Donna Block

See proxy filing from the SEC Edgar
See Dealscape: EA reached out to Take-Two a year ago
See story about EA's offer from TheDeal.com
See story from TheDeal.com about activists taking control of Take-Two
See Tech Confidential: Electronic Arts CFO hints it may get tough with Take-Two
See Dealscape: Meet the shared shareholders of EA, Take-Two
See Dealscape: Ubisoft as Take-Two's hero? Not so fast
See Tech Confidential: A second look at EA's Take-Two offer
See Corporate Dealmaker: EA's massive Take-Two offer could give Hollywood a BioShock
See Take-Two Dealwatch from Dealscape

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