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Reload this Page EA offers $2 billion for Take Two
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Old 02-24-2008, 09:54 PM   #1
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Default EA offers $2 billion for Take Two
Update: Take Two have just announced that the latest offer, of $26 per share has been rejected.

Electronic Arts today announced that it has made an offer to purchase Take Two, parent company of Rockstar Games, for around $2 billion.

EA proposed $25 cash for each share of Take Two, an offer which was rejected. A further offer has now been made, of $26 per share, which EA CEO John Riccitiello claims is a "unique opportunity" for shareholders. At the close of business on Friday, Take Two's shares were valued at $17.36 each. The $26 offer is almost $2 greater than the company's highest share price in the past twelve months.

Source: Reuters http://today.reuters.com/news/articl....XML&type=qcna
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