EA Expected to Extend Take-Two Offer Again

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The June 16 deadline for EA’s $2 billion tender offer for the Grand Theft Auto publisher passed without response from the majority of Take-Two shareholders, and EA is now expected to extend its offer.   However... Submitted by: Evilboy | Visited 5 times | Comments 0

♦ WSJ: EA Likely to Extend Take-Two Offer Again

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Electronic Arts is likely to extend its offer to purchase rival publisher Take-Two following the passing of Friday’s deal deadline, according to the Wall Street Journal.The subscription only report claims that EA is “likely” to again extend the deadline for its hostile tender offer to acquire Grand Theft Auto publisher Take-Two. Submitted by: sitemarker - Visited 11 - Comments 0 - Write first comment

♦ Take-Two yawns as EA extends takeover offer yet again

1 vote	Electronic Arts has, yet again, extended its offer to buy the remaining shares of Take-Two. Take-Two shareholders yawned indifferently, apparently too busy playing Grand Theft Auto IV to acknowledge the unchanged offer.Read More... Submitted by: blazintigga - Visited 6 - Comments 0 - Write first comment

♦ EA Extends Take-Two Offer

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Electronic Arts has extended its tender offer for Take-Two by another month following the passing of Friday’s deal deadline.The offer for all of the currently outstanding shares of Take-Two common stock, valued at around $2 billion, has been extended from its previous May 16 deadline to 11:59 pm, New York City time, on Monday, June 16, 2008, “unless further extended”, EA has announced. Submitted by: ninjashoes - Visited 13 - Comments 0 - Write first comment

♦ Hostile takeover turns docile as EA extends Take-Two offer

1 vote	EA has extended its offer to buy-out Take-Two without sweeting the pot, leaving Take-Two to reiterate its stance that EA has undervalued the company. Read More... Submitted by: Nilgesz - Visited 8 - Comments 0 - Write first comment

♦ EA Extends Unchanged Take-Two Offer

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The announcement comes after Monday’s passing of the previous deadline for EA’s $2 billion offer and allows the Federal Trade Commission further time to review the proposed deal.   "Our offer price remains unchanged at $25.74 per share, which is a substantial premium to where Take-Two's stock was trading prior to our offer," said Owen Mahoney, senior VP of EA Corporate Development. Submitted by: superbust - Visited 3 - Comments 0 - Write first comment

♦ Take-Two: We're Not Just GTA

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Grand Theft Auto publisher Take-Two has in the past been accused of being a one-trick pony, as it lays claim to perhaps the biggest videogame franchise of today. But Take-Two chairman Strauss Zelnick says that his company's portfolio has profit-driving potential beyond Rockstar's carjacking moneymaker. But he pointed towards Take-Two franchises, particularly owned IP... Submitted by: vertigoflow - Visited 4 - Comments 0 - Write first comment

♦ Take-Two sues Chicago Transit Authority over pulled ads

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Controversy surrounding Grand Theft Auto IV was to be expected, and the politicians and critics of Rockstar's title certainly delivered. However, Take-Two isn't taken every battering lying down: the removal of ads for the game by the Chicago Transit Authority has spawned a lawsuit. Accusing the CTA of pulling the ads "without explanation," Take-Two filed suit yesterday, reports Reuters. Submitted by: jswenson - Visited 3 - Comments 0 - Write first comment

♦ 'COD: World At War' to feature co-op play

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Activision has announced the next title in its best-selling Call of Duty franchise will offer players a new co-operative mode for both online and offline play. Call Of Duty: World At War, which takes players into the South Pacific and Europe, will allow up to four friends to take part simultaneously online or via a two-player, split-screen option on Xbox 360, PC and PS3. The new gameplay... Submitted by: RazorKid13 - Visited 19 - Comments 0 - Write first comment

♦ Take-Two Wrestles FTC Over New Requests

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Take-Two is butting heads with the FTC over requests for more information regarding Electronic Arts' $2 billion bid to buy the Grand Theft Auto house. On Tuesday, a Washington D.C. U.S. District Court ordered Take-Two to explain why it has yet to comply with a subpoena and civil investigation demand (CID) issued by the FTC, according to a new regulatory filing. Submitted by: blakew - Visited 5 - Comments 0 - Write first comment

♦ EA Delays Take-Two Deal as FTC Investigates

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A regulatory filing stated that EA agreed to comply with the FTC's requests on Monday. As part of the agreement with the FTC, EA said that it will not acquire Take-Two prior to August 21, or prior to a written notice from the FTC upon closing of the investigation. EA's current hostile bid for Take-Two stands at $25.74 per share, or over $2.1 billion. In June... Submitted by: janneke - Visited 2 - Comments 0 - Write first comment

♦ Workaholic Kara Tointon

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She said: "I take a couple of weeks off and after two days I want to go back. I just love my job and look forward to being on set again. "But luckily, I have had a lot of friends' weddings to go to, so that has kept me busy!" I take a couple of weeks off and after two days I want to go back. I just love my job and look forward to being on set again. Submitted by: abedelrahman - Visited 1 - Comments 0 - Write first comment

♦ EA: T2 Bid Never Focused on GTA IV’s Release

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Warner Bros. Electronic Arts CEO John Riccitiello says that the publisher never expected to wrap up a deal to acquire Take-Two in time for Grand Theft Auto IV’s release.According to Kotaku, Riccitiello told investors at the William Blair & Company's annual stock conference that EA’s offer for Take-Two was motivated by a desire to boost holiday software sales... Submitted by: 3dom - Visited 6 - Comments 0 - Write first comment

♦ Life Is Beyond Logic And Reason!

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People again and again tell me, "Master, my son is not taking care of me."In traditional societies as in India and other Asian countries children, especially sons, are still expected to take care of their parents in their old age. The logic of parents is that they took care of their children when they needed care and therefore, children should take care of them when they need support. Of course... Submitted by: Gloria1 - Visited 4 - Comments 0 - Write first comment

♦ Yahoo's two largest institutional investors $1 apart from Microsoft's offer

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With Microsoft's withdrawal of its increased Yahoo bid on Saturday, the Internet search pioneer's two largest institutional investors are fuming, according to a source familiar with their thinking. The two investors were willing to accept an offer of $34 a share, the source noted. Microsoft was offering an increased bid of $33. Capital World Investors, which recently doubled its holdings in Yahoo... Submitted by: MCJim - Visited 2 - Comments 0 - Write first comment

♦ GAMING EA'S BID

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Loading new images... July 7, 2008 Video game maker Take-Two Interactive is likely to sign "BioShock" creator Ken Levine to a new contract, a key development that strengthens the company's argument that it's worth more than rival Electronic Arts' $25.74 per share takeover offer. Renegotiations between Take-Two and Levine are at a delicate stage... Submitted by: Pleb - Visited 3 - Comments 0 - Write first comment

♦ BRING IT ON, EA: TAKE-TWO

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July 18, 2008 The maker of "Grand Theft Auto" and "BioShock" video games doesn't feel boxed in the corner by industry giant Electronic Arts, whose hostile offer for the firm expires today. Take-Two Interactive Software boss Strauss Zelnick said it isn't inevitable that the company will be taken over by EA or some other buyer. The $2 billion bid undervalues the company, Zelnick said... Submitted by: inter1 - Visited 1 - Comments 0 - Write first comment

♦ Report: Take-Two Closer to Re-Signing Levine

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Citing an unnamed "source close to the talks" the Post said that the renewal of Levine's contract is still in the "delicate" stages, but an agreement looks likely soon. The Post said Levine's contract may implement a point-based compensation system like that of Hollywood actors, although Take-Two, parent of Levine's studio 2K Boston, would not offer a confirmation of the report. Submitted by: eXe - Visited 3 - Comments 0 - Write first comment

♦ House prices 'will keep falling'

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House prices in the UK and the US are likely to fall for another two years, the chairman of one of the world's most powerful banks has warned. Sir Win Bischoff of Citigroup told BBC Business Editor Robert Peston he expects it will take two years for the markets to "stabilise". Sir Win also expected the credit crunch fraught conditions in financial markets to continue through 2009. Submitted by: myriakitty - Visited 2 - Comments 0 - Write first comment

♦ Nilsson scorches two clear

1 vote	Sweden's Christian Nilsson equalled the course record with a stunning seven-under 64 to take a two-shot lead at the European Tour's Saint Omer Open. The 29-year-old fired seven birdies in a flawless second round to match the record held by Brett Rumford and Jamie Little. He is two shots clear of Englishman John Morgan. Submitted by: scottspfd82 - Visited 4 - Comments 0 - Write first comment