EA extends Take-Two takeover offer to Aug. 18
by Alexander Sliwinski 
{ Jul 21st 2008 at 11:10AM }
Take-Two chairman Strauss Zelnick released a statement that the company's board is "100% committed to maximizing stockholder value," calling EA's bid "inadequate" and recommending stockholders not take the EA offer. He says that Take-Two is currently "engaged in meaningful discussions with multiple parties" and that some of those groups have been conducting due diligence (a fancy legal term for checking under a company's hood and making sure everything looks kosher). Meanwhile, the FTC is probing the deal over possible antitrust issues and should be finished by Aug. 21.
Source – EA extends deadline to Aug. 18
Source – Take-Two responds to fifth extension
Reader Comments (Page 1 of 1)
Kamizar @ Jul 21st 2008 11:14AM
Well, at least you can call EA persistent.
tlarkin79 @ Jul 21st 2008 12:53PM
Like that creepy guy back in college always trying to get girls to go out with him even after they make it clear they aren't interested. There's a name for those guys...
Oh yeah, stalker!
The_Punisher @ Jul 21st 2008 11:17AM
Meh, GIVE UP
Rick @ Jul 21st 2008 11:21AM
You would think EA could take a hint by now....
jcmschwa @ Jul 21st 2008 11:29AM
EA should learn from Inbev, it's going to need to up its buying price soon. Greed is good.
Bleu @ Jul 21st 2008 11:41AM
This will not happen because the people realize what EA is trying to do. They cant take a hint maybe being blunt would be a lot better. I cant stand EA.
ballistic3188 @ Jul 21st 2008 11:41AM
man next time you guys should post the persistence demotivation poster
baby sea tuna @ Jul 21st 2008 11:43AM
This is just sad.
dark_inchworm @ Jul 21st 2008 11:47AM
f-r-e-e that spells free
credit report dot com baby!
...there's really nothing to say at this point.
mr mobius @ Jul 21st 2008 12:12PM
Deja vu?
Deja vu?
Deja vu?
Deja vu?
Deja vu?
Deja vu?
juju187 @ Jul 21st 2008 12:19PM
this is beyond getting old, cant wait to see if take two joins acti - blizz or ubi ubi ubi
T @ Jul 21st 2008 1:27PM
It's kinda cute actually. EA's acting like they're being nice by continually giving Take-Two more time to consider the decision.
However, I wonder if Take-Two is even returning EA's phone calls at this point.
lololololol @ Jul 21st 2008 1:50PM
if EA's offer is so horrible, then why have they been able to even get 15% of T2's total shares?
They may up the offer, but why not try to get 20-25% with the current, "inadequate" offer on the cheap. Even if they don't buy them up outright, they may still end up with a nice chunk of the company, as they did with Ubisoft.
reign-♥-of-♥-love @ Jul 21st 2008 2:14PM
ha i think T2 is pumping out "china wars" for this very reason.
Sora @ Jul 21st 2008 3:03PM
And in other news, researchers have found that the sky IS indeed blue when it is not cloudy.
Automag @ Jul 21st 2008 4:28PM
EA is like the rich girl who things she can get whatever she wants. That is, until a guy everyone wants comes into the picture and refuses to notice her. Oh teen romantic comedies, how much you have taught me about business.
engine @ Jul 21st 2008 4:52PM
You guys remember when there were more than three companies publishing games?
... yeah me neither. v.v