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Take-Two Shoots Down EA Yet Again

t looks like share holders agree with the big wig decision to reject EA’s  $26 a share bid to buy Take-Two Interactive. “Our Board, after careful review, has unanimously determined that Electronic Arts' offer continues
 to provide insufficient value and remains opportunistically timed to capture the value of the upcoming Grand Theft Auto IV launch at the expense of our stockholders,” Take-Two Chairman Strauss Zelnick explained.

In a extra-long press release issued by Take-Two, they also announced that they will look into other business options in order to keep stockholders satisfied, “which may include a business combination with third parties or with EA, remaining independent, or other strategic or financial alternatives that could deliver higher stockholder value than the current EA offer.”

The overall feeling we get is that Take-Two wants to see how GTA IV pans out before any major decisions are made.



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