EA’s Take-Two Bid Goes Hostile

Publishing giant EA originally proposed to buy out Take Two in the last week of February. Take Two flat out rejected the offer and said that they didn’t want to begin any talks until after the launch of a little game coming out in April called GTA IV. Today, EA has decided that if Take Two’s current board won’t accept the offer that they’ll go a different route: an all-cash tender offer to the shareholders. (more…)