Despite being rejected twice before, EA is still apparently chomping at the bit to acquire Take Two. After the resounding "NO!" they received from Take Two's Executive Chairman Strauss Zelnick, EA has once again taken its case to the shareholders.

EA is offering a $2 billion cash on the barrel offer to the company's shareholders in the hopes of acquiring all outstanding shares in the company at an average of $26 per share.

Take Two has appealed to the shareholders to decline this offer.

Again.

The company's board of directors has advised shareholders that it will indeed consider and review the offer, and within 10 days will notify everyone concerned of its decision, no matter which way it goes, and why.

I don't think I've seen such a dogged pursuit on the part of any company in quite some time. EA apparently needs to make itself the Wal-Mart of video gaming. It's disgusting, in my most modest and humble opinion.

Give it up already EA!

Tags : electronic arts : Grand Theft Auto : Grand Theft Auto 4 : GTA IV : gta4 : Hostile Takeover : playstation 2 : PlayStation 3 : playstation portable : rockstar games : Share Holders : Strauss Zelnick : take two : take two interactive : Wii : Xbox 360

Comments

By: Dragonfly On: 06:11 Mar 13th, 2008 Offline	You're certainly busy tonight. :O Anyway, I don't see this happening in my lifetime. But it'll be a very scary thought if it does...

By: ApplesauceNinja On: 06:18 Mar 13th, 2008 Offline	I always try to post news I see as relevant. It just so happens that every now and again, multiple stories catch my eye at the same time. :)

By: Evren On: 08:31 Mar 14th, 2008 Offline	.....They need to give it up, Sorry EA, it's not going to happen

By: Shad On: 07:29 Mar 16th, 2008 Offline	If enough shareholders bitch and whinge, and then sell their shares, it surely will. Money ultimates talkes, and bullshit walks. I hope the board keep their steel and tell ea to bugger off again, and then somehow make a speech that will convince the shareholders to hold onto their shares. You know... like a killer app that will make the shareprice soar being released on april the 28th? I hope the stupid public don't force the board's hand before then.