Grand Theft Auto runs over EA's offer to buy
- added February 25, 2008
- 3 responses
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- woodywoodbeck
- added this
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- Entertainment (19332)
- Tech (6700)
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- Video Games (678)
- Grand Theft Auto (42)
- EA (22)
US video game giant Electronic Arts has made an unsolicited $1.9 billion offer for the owner of Grand Theft Auto, made by Take-Two Interactive Software.
EA said it had gone public with its all-share offer after having pursued it privately since December. Take-Two immediately rejected the offer, which was 50% higher than its closing price on Friday.
"Electronics Arts' proposal provides insufficient value to our shareholders and comes at absolutely the wrong time," Take-Two chairman Strauss Zelnick said in a statement.
EA said it had gone public with its all-share offer after having pursued it privately since December. Take-Two immediately rejected the offer, which was 50% higher than its closing price on Friday.
"Electronics Arts' proposal provides insufficient value to our shareholders and comes at absolutely the wrong time," Take-Two chairman Strauss Zelnick said in a statement.
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- woodywoodbeck
- 6 months ago
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- woodywoodbeck
- 6 months ago
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that game is fun for all of about 2 minutes.
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Whatever... That game has been the best game on the market for years.....
A company that rejects an offer of $1.9 billion dollars does not have a weak product...
Can't wait for the release, march 3rd!
Word.
-D.-
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- danieldewinter
- 6 months ago
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