EA Gets Hostile with Take-Two

The stakes have risen in Electronic Art’s (“EA”) attempt to acquire Take-Two Interactive (“Take-Two”). After having been rebuffed by the management of Take-Two, EA has now shifted its strategy to a so-called “hostile” take-over bid.

The hostile bid basically involves EA making a direct offer to the shareholders of Take-Two. EA’s offer amounts to a total purchase price of approximately $2 billion (or $26 per share).

EA’s offer is open until April 11th.

Coverage at: GameDaily

Previous coverage at: Davis Video Game Blog