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Electronic Arts, Inc (ERTS)
Analysts: EA 'overpaying' for Take-Two
Analysts: EA 'overpaying' for Take-Two
Gamespot - February 25, 2008
Submitted by ItachiItachi (463) at 3:29PM PST on February 25, 2008
Yesterday, EA decided to put Take-Two management to the screws by making public its to-that-point private $2 billion acquisition offer that would yield an at-the-time princely 64 percent premium to shareholders. Take-Two formerly rejected the proposal on February 19, saying the offer "substantially undervalues" its franchises, creative talent, and consumer loyalty.
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