Take Two executive chairman Strauss Zelnick has said that his firm's decision to
offer until after GTA IV's release has been ‘vindicated' by the game's success.
According to the New York Times, Zelnick said in a statement:
The critical and consumer response to Grand Theft Auto IV vindicates our strategy of waiting until the launch with regard to E.A.'s offer,” said Strauss Zelnick, the chairman of Take-Two, in a statement.
However, EA responded by saying that its tender offer always took into account GTA's potential – and that the bid wasn't likely to be pushed up by the game's sales triumph
We've seen a share price above and below our offer and it doesn't change anything. We knew the game would be an extraordinary success,” said Jeff Brown, a spokesman for Electronic Arts. All of that was factored into our offer of $2 billion.”
Thanks to VG247 for spotting the story.