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2008 UPDATED: EA offers $2 billion for Take Two
GTAGaming.com - Rockstar/Take2 News | @ 01:56 PM MDT | By Neil
Update: Take Two have just announced that the latest offer, of $26 per share has been rejected.
Electronic Arts today announced that it has made an offer to purchase Take Two, parent company of Rockstar Games, for around $2 billion.
EA proposed $25 cash for each share of Take Two, an offer which was rejected. A further offer has now been made, of $26 per share, which EA CEO John Riccitiello claims is a "unique opportunity" for shareholders. At the close of business on Friday, Take Two's shares were valued at $17.36 each. The $26 offer is almost $2 greater than the company's highest share price in the past twelve months.
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