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02-25-08: Take-Two refuses EA's $2 Billion offer. |
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February 24, 2008 - Only hours after Electronic Arts offered $26/ share, which totals in at over $2 Billion, Take-Two officials have responded with an absolute "No."
According to Reuters, Take Two has said that the offer was at a significant discount to its peers and that it came at "absolutely the wrong time."
Additionally, Take-Two dubbed the bid "highly opportunistic" w/ the upcoming release of Grand Theft Auto IV on April 29.
Take-Two has offered to enter discussions with EA the day after GTA IV's release, on April 30.
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