Entries tagged "Take-Two Interactive Software Inc."
Stay tuned to TheDeal.com for these stories and more....
Stealing a page out of the "Grand Theft Auto" playbook, video game giant Electronic Arts Inc. has ambushed Take-Two Interactive Software Inc. with a $2 billion take-over offer as it attempts to lock up the company before the release of the next installment of the blockbuster crime game. Electronic Arts is offering $26 a share for Take-Two, a 63% premium to the company's $17.36 closing price on Friday. Electronic Arts made the offer public after Take-Two's board turned down a Feb. 15 private offer of $25 share and a $26 bid on Feb. 22.In an ironic twist Take-Two's board, stacked...
