Now this is what you call irony.

Following on from Riccitiello public notice of Electronic Arts intentions to buy up famed Grand Theft Auto publishers Take Two, Take Two share price rose.

By a lot.

The company's share price has rocketed by almost 50 percent, peaking out at a rather substantial $25.90.

What does this mean for Electronic Arts? EA's intitial bid was $26 per share, approximately $2 billion in total, for Take Two Interactive. By making this whole thing public, EA seems to have unintentionally made things harder for themselves, and put Take-Two in an even more comfortable position financially, making the chances of a take-over even harder still.

We'll definately be keeping you posted on this rather hot piece of industry gossip as it develops.

Tags : electronic arts : Grand Theft Auto 4 : Grand Theft Auto IV : gta4 : gtaiv : PlayStation 3 : Share Prices : Shares : Stock Exchange : take two : take two interactive : Takeover : Xbox 360

Comments

By: Corrine On: 10:52 Feb 26th, 2008 Offline	Hahaha! That's extremely amusing to me. I hope that EA doesn't try to bother with them again - or if they do, it just causes their stocks to rise. Take Two > EA and I hope they don't get swallowed. :P

By: Shad On: 10:53 Feb 26th, 2008 Offline	There IS a God! Now if all were to be right in the world this would force EA to actually make a high quality (production values aside) video game, instead of mooching off other people's games with their massive wallets.