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acquisition, ea, electronic arts, merger, take 2, take twoTake Two to consider ‘strategic business combination’

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But thoughts of a possible merger or acquisition are off the cards until GTAIV is released

In a new official response to the recent approach for the firm by rival EA, Take Two has said that it is prepared to consider entering into discussions with third parties about a possible “business combination” – but not until after Grand Theft Auto IV is released next month.

The firm confirmed that it is has ‘”begun to assemble the materials necessary for interested parties to conduct due diligence” and that the “prior to the release of GTAIV the company is willing to enter into confidentiality agreements on customary terms and to engage in preliminary conversations with interested parties, including EA”.

Trolltech


However, Take Two has reiterated that it believes the timing of EA’s offer is “opportunistic” as the “full commercial potential of GTAIV will not be evident until after its release”.

“Our board, after careful review, has unanimously determined that Electronic Arts’ offer continues to provide insufficient value and remains opportunistically timed to capture the value of the upcoming Grand Theft Auto IV launch at the expense of our stockholders,” Take Two chairman Strauss Zelnick stated.

“Our stockholders’ interests would hardly be served by accepting an offer from EA at the wrong price and the wrong time. As a result, the board recommends that stockholders not tender any of their shares to EA.”

1

“Hold tight Rockstar!!!”
Posted by: jonskink - Mar 26, 11:38am

a few more weeks and this nonesense will be over


2

“Re: Hold tight Rockstar!!!”
Posted by: Onehunglow - Mar 26, 4:24pm

And i cant wait! This story is more boring than an episode of Eastenders


3
 

“Re: Hold tight Rockstar!!!”
Posted: Mar 26, 4:58pm

I thought the whole burying Max thing was quite exciting...


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