EA Wants Take-Two for $2 Billion

In some crazy ass news to come out on a Sunday, Yahoo has posted a press release in their business section outlining EA’s proposal to buy Take-Two Interactive (Bioshock, Manhunt, All Rockstar Games like GTA/Bully/etc) for $26 per share. The stock is, as of me writing this, at $17.36, however the pre-market value has already shot up in light of this news (at $25.61, however see here for the most current price).

EA CEO John Riccitiello had this to say on the offer, “Our all-cash proposal is a unique opportunity for Take-Two shareholders to realize immediate value at a substantial premium, while creating long-term value for EA shareholders. Take-Two’s game designers would also benefit from EA’s financial resources, stable, game-focused management team, and strong global publishing capabilities.”

Originally the offer was for $25 per share, but has moved up to $26 in a letter that you can read in […]

Original post by PacoDG and software by Elliott Back