Deadline passes in EA bid to buy Take-Two Interactive shares

**MIG-31** · May 17, 2008, 06:26 AM

SAN FRANCISCO (AFP) - A deadline for Take-Two Interactive Software shareholders to agree to a buyout by video game giant Electronic Arts has passed with neither firm commenting on the takeover bid's fate.

EA took its two-billion-dollar offer directly to Take-Two shareholders after the board of directors rejected the bid, saying it undervalues the company behind blockbuster video games including the hot "Grand Theft Auto" franchise.
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Source: Yahoo

May 17, 2008, 06:26 AM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	Deadline passes in EA bid to buy Take-Two Interactive shares SAN FRANCISCO (AFP) - A deadline for Take-Two Interactive Software shareholders to agree to a buyout by video game giant Electronic Arts has passed with neither firm commenting on the takeover bid's fate. EA took its two-billion-dollar offer directly to Take-Two shareholders after the board of directors rejected the bid, saying it undervalues the company behind blockbuster video games including the hot "Grand Theft Auto" franchise. ____________ Source: Yahoo __________________ Please Post Your News Submissions Here