Electronic Arts, Inc (ERTS)Take-Two: EA’s $2 Billion Bid "Inadequate"next gen biz - February 25, 2008
Submitted by ItachiItachi (463)
at 4:08AM PST on February 25, 2008
According to the Grand Theft Auto IV publisher, EA’s offer to buy the company primarily undervalues Take-Two’s game franchises.
“After careful evaluation, the board has determined that EA's proposal substantially undervalues Take-Two's robust and enviable stable of game franchises, exceptional creative talent and strong consumer loyalty," the publisher said in a statement.
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