Board recommends investors ‘take no action’; official position to be announced within ten days
Take Two’s Board of directors has recommended that its stockholders ‘take no action at this time’ in response to EA’s new $2 billion tender offer.
EA announced this morning that it has made an unsolicited conditional tender offer to acquire all of Take-Two's outstanding shares of common stock for $26 per share in cash – after MCV had broken the story.
Take Two's Board has said it will review and consider EA's offer, and within ten business days, will advise Take-Two's stockholders of the Board's position – as well as its reasons.
Take Two this week announced its fiscal results for its first quarter, reporting increased losses. During its conference call, chairman Strauss Zelnick officially confirmed the release of Bioshock 2 and that there would be 'ongoing' episodic content for GTA IV.
Advertisement
Comments
Online Pharmacy best pills dfg
http://confluence.public.thoughtworks.org/display/~buy-xanax-no-rx - xanax http://confluence.public.thoughtworks.org/display/~buy-tramadol-no-rx - tramadol http://confluence.public.thoughtworks.org/display/~buy-valium-online - valium http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-ambien-online-without-prescription-buy-ambien-10mg-5mg - ambien http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-xanax-online-buy-xanax-2mg-1mg - xanax http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-fioricet-online-without-prescription-buy-fioricet-cod - fioricet http://connections.blackboard.com/people/50273d6fc2 - tamiflu http://tapestry.formos.com/wiki/display/~buy-tamiflu-winthout-prescription - tamiflu http://boinc.vanderbilt.edu/CSB/view_profile.php?userid=5324 - ambien http://confluence.public.thoughtworks.org/display/~ativan4r5r - ativan http://confluence.public.thoughtworks.org/display/~buy-ambien-without-prescription - ambien
interacts muds outstanding managements pack improvise causals
Leave a Comment
HOT TOPICS
Religious leaders slam Modern Warfare 2 130
Microsoft hails its ‘killer weapon’ in battle with PS3 and Wii 39
Russia pulls Modern Warfare 2 from sale? 16
The Hut rebuffs AC2 date break claims 14
MW2 sales pass $550m worldwide 13
The Producers pulls out of Trilogy partnership 12
60% of UK 360s have failed 11
Xbox Live class action begins 10
Facebook hitting PS3 today 8
Call of Duty inspires new retailers 6
RELATED STORIES
Take 2 culls Euro management 2
Rockstar thanks supporters 2
More job cuts expected at Take-Two as sales fall 1
Gary Dale becomes Take 2 Executive Vice President 1
Revenues and losses down at Take 2 1
April 25th UK release for GTA IV 39
Ellingford steps down at Take 2 3
Viacom to buy Take Two for $1.5 billion? 11
EA offers to buy Take Two for $2bn 7
Riccitiello to Zelnick - that letter in full 6
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets