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EA extends Take-Two's deadline for the third time |
Listed in: Wii, PS3, Xbox 360 Tags: Electronic Arts, Take-Two Interactive
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And the drama continues. After a brief period of silence following the passing of the second deadline, Electronic Arts has extended their offer to Take-Two Interactive to accept their US$ 2 billion to buy them out.
This is the third deadline imposed on Take-Two now. (If only my professor was as lenient with deadlines...) Take-Two continues to protest that the offer is still too low, undervaluing the worth of the company, considering the massive success of Grand Theft Auto 4 and the announced Bioshock movie.
EA remarked that the offer already took the success of GTA 4 into consideration with the offer. Perhaps they're just not willing to dish out more cash? EA already did have to secure a loan of US$ 1 billion in preparation for the merger.
Via Associated Press
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With all the money Take 2 and Rockstar just got, do you really think they NEED this merger?
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That's why they are taking out the biggest threat.
So they don't have to compete with anyone, that's if they sucessed on taking over Take 2.
EA wants to hold all the cards, so they can rule over the gaming industry.
Anyway GTA 4 rocks. pitty I don't own a Copy of the game(GTA IV), because it has been soldout, eversince its lauch day here in South Africa.
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So, you have to then factor in middle men and re-salers as well as the development costs of the game....
2 billion straight up is actually a really good offer....however, who knows how many shares of T2 have been sold and how much T2 would have to pay out to shareholders before they could party with the rest of the cash....
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