In a deal valued at approximately $2 billion. Take-Two has stated that it will enter discussions with EA, but that the initial offering greatly undervalues key elements of its business. "We believe EA's unsolicited offer is highly opportunistic and is attempting to take advantage of our upcoming release of Grand Theft Auto IV, one of the most valuable and durable franchises in the industry," the company said in a statement. "Furthermore, the offer values the company at a significant discount to its public peers and does not compensate Take-Two for its intrinsic value and the substantial synergies that the proposed combination would create."
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| Submitted By: | Hero |
| News Posted: | 10 months ago |
| Source: | 1Up |
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Dallas, TexasMember #: 4
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| Discuss: EA Proposes Purchase of GTA Publisher Take-Two
Posted: 10 months ago Figures. They try to step in on the heels of GTAIV. I'm glad Take Two isn't down with that right now.
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'I wanna get my knees dirty.' -- Gunnz, Netcast 37 |
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| Posted: 10 months ago There top exec is not with it but you do have to watch fro those greedy share holders --------------------------------- You're local neighborhood friendly Hero |
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Guildford UKMember #: 358
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| Posted: 10 months ago I read about this on the BBC website.... its not even subtle. |
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