EA tables new offer, Take Two decision deadline set

EA’s relentless pursuit of Take Two has taken another twist as it has tabled a fresh approach and allowed its acquisition target more time to consider its offer.

The offer price is now $25.74 per share compared to the $26 per share deal originally conceived, amended to take into consideration additional shares to be issued to Zelnick Media following stockholder approval of the amendment to Take-Two's incentive stock plan, revealed at its 2008 annual stockholders meeting on April 17.

The offer remains at around $2 billion in cash, and EA's aggregate consideration for Take-Two shares remains unchanged.

EA added that it believes the offer price is “full and fair”, and that the proposed deal “is the most compelling combination financially, strategically and operationally for all parties.”