Monday, February 25, 2008

Electronic Arts Offers $2B for Take-Two....

EA (ERTS) makes unsolicited $2 billion cash offer to buy Take Two Interactive (TTWO) publisher of the hit Grand Theft Auto videogame after that company's board last week rejected the proposal as insufficient. The $26-a-share offer is a 50% premium over Friday's closing price.

Word is Take-Two is not interested....

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