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EA makes all cash tender offer to purchase Take-Two

Joystiq.com - March 13, 2008


Submitted by vGInfidel (27) at 4:32AM PST on March 13, 2008


With Take-Two Executive Chairman Strauss Zelnick having thoroughly rejected EA's initial buyout offer, the publisher has redirected its corporate Katamari at Take-Two shareholders. EA has announced the commencement of a tender offer for all of the currently outstanding shares of common stock of Take-Two Interactive Software at $26 per share. When compared to Wednesdays stock price it constitutes a 4.4% premium. The tender offer is good until midnight EST on Friday, April 11, 2008.
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28
 
Rockstar founder calls GTA MMO "the Holy Grail"

Massively - March 7, 2008


Submitted by llonesmiz (125) at 4:07AM PST on March 10, 2008


Houser didn't shy from expressing his enthusiasm for the idea of a GTA MMO. Specifically, he said such a title, "is very, very doable and is a very, very compelling proposition." In a subsequent question he refers to a mainstream subscription-based MMO on a console as "the Holy Grail."
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26
 
Take-Two board rejects EA's 'inadequate'...

Joystiq.com - March 26, 2008


Submitted by vGInfidel (27) at 6:27AM PST on March 26, 2008


After reviewing EA's recent and "unsolicited" tender offer to nab shares in the Grand Theft Auto publisher at $26 a piece, Take-Two's board of directors has deemed the maneuver "inadequate in multiple respects and contrary to the best interests of Take-Two's stockholders." The board advises stockholders to hang on to their shares, claiming the offer "substantially undervalues" the company.
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25
 
Take-Two Stock Trading Higher Than EA's Offer

Kotaku - April 28, 2008


Submitted by apujanata (5) at 4:56PM PST on April 28, 2008


Though Take-Two's been trading consistently at or above $26 since April 23rd, it's the highest the share price has been since that week in February when the buyout was initially announced. The climb in stock price looks likely due to a voluminous wave of super-hyperbolic positivity from reviewers regarding the imminent GTA IV.
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