Take-Two rejects EA’s buyout proposition
Take-Two’s board unanimously rejected EA’s buyout offer saying it’s just not good enough.
It seams that EA’s offer of $26 per share wasn’t exactly what Take-Two expected so they decoded to refuse any deal saying the offer was inadequate “in multiple respects and contrary to the best interests of Take-Two’s stockholders”.
However Take-Two has declared it will review its options right after GTA 4 is launched, and that the company is “considering strategic alternatives in order to be prepared to engage in discussions with any parties, including EA, interested in a strategic business combination” It’s clear to everyone that Take-Two’s capability of still operating on its own, depends on GTA 4’s success.
Personally I don’t think EA is interested in a merger with Take-Two at this moment, but we’ll just have to wait and se how it turns out.
Via CVG
