After the recent siding of Take Two's shareholders with the company's board of directors, EA was denied purchase of the developer once again.

Take Two utilized a "poison pill" type of manoeuvre, which basically allows for the shareholders a little more leeway to negotiate a higher purchase price. Also, the company purposely moved its annual stockholder's meeting to April 17 - one day after EA's offer to buy the company was to expire.

EA continues to refuse Take Two's refusal, however, and they presented an amended purchase offer with a closing date of April 18, which is the day after the shareholder's meeting.

EA is also arguing whether Take Two's shareholder's rights plan is applicable to their potential acquisition of the company. The situation is becoming angering for many gamers and industry insiders, but it's kind of laughable in a way, in that EA is basically reducing itself to crazy stalker status. If we can't have Take Two's love, no one will!

HAHAHAHAHAHAHAHA! :lol:

Tags : electronic arts : Grand Theft Auto : Grand Theft Auto 4 : GTA IV : gta4 : rockstar games : take two : take two interactive : Takeover

Comments

By: Dragonfly On: 10:17 Mar 29th, 2008 Offline	The Take Two acquisition has now officially become the new "Manhunt ban". It's a story that just keeps going on... and on... and on... and on... I'm honestly fearful that this will go ahead. It'll be a strange day for the gaming world.

By: Dragonsoul On: 09:13 Mar 29th, 2008 Offline	You gotta admit, it's highly entertaining. I like my gaming simple, but gaming is an industry and it's gonna have its own funny little dramas. Almost as entertaining as the games! lol

By: ManicGamer On: 11:35 Mar 29th, 2008 Offline	Imagine how awkward it must be to be the team of "business professionals" and lawyers whose job it is to keep coming up with more and more enticing offers to buy Take Two just before their largest release scheduled this year.. hahaha Its like that gameshow Deal or No Deal.... only to make it more applicable.. you would already know that you had the million dollar case (GTA 4) .... and the banker (EA) keeps offering you 250,000 hahahahaha... How many times mus one hit that no deal button??

By: Shad On: 03:37 Mar 30th, 2008 Offline	It's pathetic, and I hope the shareholders will continue to back the board while they tell EA to GTFO.

By: Evren On: 06:08 Mar 31st, 2008 Offline	Can I do it instead? ^_^