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Take-Two Refuses EA Yet Again

EA keeps coming forward with weapons bared, but Take-Two continues to parry like there's no tomorrow.

Take-Two Interactive has shot down the latest buyout attempt by Electronic Arts "in light of the unsatisfactory number of company shares that were tendered by the previous deadline." That's five times EA has tried, and five times they have failed. Take-Two chairman Strauss Zelnick added that the company's board is committed to "maintaining its stockholder value," and they're still issuing the same advice to all current stockholders: don't give in to EA's offer, as tempting as it may seem to some.

"We are fully engaged in a formal process to evaluate strategic alternatives that have the potential to deliver greater value than EA's inadequate offer," said Zelnick.

Grand Theft Auto IV has really caused some major fireworks for Take-Two - which, of course, is the reason EA wants them so bad - but they're not about to fold just yet. The latest report by GamesIndustry.biz says that EA's current bid is set to expire by August 18, but if you want to stay updated, Take-Two has you covered. Will Take-Two eventually cave to EA's efforts? How much longer will it take...? The saga continues.

7/23/2008 Ben Dutka

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Comments (14 posts)

monomilkman
Wednesday, July 23, 2008 @ 10:08:47 PM
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go take-two woooooO!!!!!!

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MirrorSoul
Wednesday, July 23, 2008 @ 10:13:33 PM
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Im amazed..They r really gona give them hell for thier company..This phrase though "strategic alternatives that have the potential to deliver greater value than EA's inadequate offer"..This means to me that they are willing to give in to any company that will giva a premium more than EA...SONY!!!HOP ON IT!!!

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MarvelZombies
Wednesday, July 23, 2008 @ 10:18:25 PM
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This is just embarrassing for EA...they just don't understand no. I mean from at least every EA developed game that I own has been a letdown...why would they sell to them if in a couple of years they could just make another half a billion dollars with another GTA installment.

Also, on a sidenote Ben...don't you think the announcements of a Watchmen game is worthy of mentioning. Also The Dark Knight game sounds promising...

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Ben Dutka PSXE [Administrator]
Wednesday, July 23, 2008 @ 10:23:42 PM

Yeah, yeah, I'm working on it...give me a few minutes. :)

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The_Chimeran
Wednesday, July 23, 2008 @ 10:48:41 PM
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Dark Knight game? who, when, why so late? as for the article, i like take-two's stance on it but if it does happen than i don't mind it cause i'm pretty sure their quality in games is only gonna raise the bar. But still is good to see EA losing, I'm still pissed that the madden and fifa franchise is just a big letdown for the ps3. Bad company isn't bad though, but EA didn't develope it right.

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MarvelZombies
Wednesday, July 23, 2008 @ 11:08:31 PM

It should hit with the DVD

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Ben Dutka PSXE [Administrator]
Wednesday, July 23, 2008 @ 10:58:21 PM
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We reported on the Dark Knight game earlier. Gary Oldman confirmed it during an interview...scroll back a few days on the front page.

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The_Chimeran
Thursday, July 24, 2008 @ 9:12:35 PM

yep found it, thanks Ben/Zombies.

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Nightshade386
Thursday, July 24, 2008 @ 12:30:13 AM
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In all honesty, I could care less who owns the rights to a game so long as it's good. And EA's new "Citystate" model seems to be working when you look at the games they highlighted at E3. Mirror's Edge, Spore and Dead Space all look fantastic.

That being said, if Madden is just another buggy $60 roster update, I'm gonna be a wee bit upset. I've already heard that NCAA '09 was really buggy and completely lacked any defense....which is a total shame considering last year it was actually the better of the two football titles.

Last edited by Nightshade386 on 7/24/2008 12:32:14 AM

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Tatsujin
Thursday, July 24, 2008 @ 12:46:08 AM
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EA... Educated Asses, they shoud quite life immediatly before they further their jackass image to the public.

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ZubraZap
Thursday, July 24, 2008 @ 1:57:11 AM
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keep fighting them off Take Two.

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tanner1
Thursday, July 24, 2008 @ 6:40:27 AM
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Respect to the smaller companys out there keep resisting take 2

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ThePoetRazel
Thursday, July 24, 2008 @ 7:21:03 AM
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Keep it up Take-Two.
EA needs to learn that they can't always push everyone around by just throwing money at them.

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Xanavi23
Thursday, July 24, 2008 @ 7:40:33 AM

Yea man...i really don't like EA...they remind me much of a young empire/federation from starwars lol they way they want to swallow up everything that is not yet theirs.

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