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Old May 17, 2008, 06:26 AM   #1
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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.
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