There's been big news about gaming company giants merging together from Activision and Blizzard to Electronic Arts buying out BioWare.

Now EA has its eyes set on Take-Two Interactive, the parent company of Rockstar North. Electronic Arts has started the bid at a price of 2 billion dollars total which comes down to $26 per share of the company.

So far Strauss Zelnick, president of Take Two has declined EA's previous offer of $25 per share however the company has increased the offer to now price of $26 per share and Take Two has until February 22 to accept the offer.

One of the big reasons for the buyout as stated by a letter from John Riccitiello of Electronic Arts is the upcoming release of Grand Theft Auto IV which has been predicted to outsell some of the most high selling games of the PS3 and Xbox360.

It has yet to be seen if the buyout will occur but conference calls between the two companies are scheduled to take place on Monday.

Tags : electronic arts : GTA:IV : merger : rockstar games : take two

Comments

By: Dragonfly

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On: 09:13 Feb 24th, 2008
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Not going to happen.

Then again... http://www.eatake2.com

By: Evren

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On: 08:18 Feb 25th, 2008
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Please dont let it happen.
Please?

I generally dont like EA as it is, their games seem to always be half assed. I dont want that to happen.

By: Samuel

On: 08:20 Feb 25th, 2008
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Give it a few years, we'll have 'all new' GTA: 2012.

By: Evren

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On: 09:02 Feb 25th, 2008
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With EA trax...
Oh dear lord.

By: Shad

On: 02:00 Feb 25th, 2008
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I fervently hope that T2 gets enough money from the sales of GTAIV that it laughs and farts in EA's general direction.

$2bn is pretty cheap, im glad that they are waiting till after the release of GTA. The asking price will be much higher then.

By: Dragonfly

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On: 06:15 Feb 26th, 2008
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Shad;43692

I fervently hope that T2 gets enough money from the sales of GTAIV that it laughs and farts in EA's general direction.

$2bn is pretty cheap, im glad that they are waiting till after the release of GTA. The asking price will be much higher then.

http://www.videogamechat.net/news/gaming-news/Take-Two-s-share-prices-rise-almost-50-in-wake-of-EA-s-buyout-offer-576

LOL, anyone?