Take-Two Interactive reject EA's advances

"Take-Two Interative look set to wait until after the release of GTA IV before negotiating with EA"

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GTA 4 logoTake-Two Interactive set to wait before deciding whether to sell

At a recent Take-Two Interactive investor meeting, after a thorough review with the assistance of their financial and legal advisor's, the Board of Directors unanimously determined that EA's cash offer of $26 per share was inadequate in multiple respects and contrary to the best interests of Take-Two's stockholders.
They also said that they will explore alternatives to maximize value for stockholders, which may include a business combination with third parties or with EA, remaining independent, or other strategic or financial alternatives that could deliver higher stockholder value than the current EA offer.
The Board has commenced a process for considering strategic alternatives in order to be prepared to engage in discussions with any parties, including EA, interested in a strategic business combination following Take-Two’s release of Grand Theft Auto IV, scheduled for April 29, 2008. The Board continues to believe that the Company will be best positioned, from the perspective of both value and timing, to conduct such a review at that time.
Basically they want to put off any discussions or negotiations with anyone until after the upcoming release of Grand Theft Auto IV.  That makes perfect sense as the release of GTA IV will inevitably lead to a nice increase in the value of Take-Two's shares and will force EA to review their $26 per share offer.  However, it remains to be seen whether EA will still want to offer for the company at that time.
Would you like to see Take-Two bought out by EA, or would it be bad news?
Discuss in our forum.
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Most Recent Comments

18-04-2008, 07:44:46

I have a "slight" problem with my old PC.
For the last two weeks it got to the screen where it tells you what CPU is on the mobo and would restart itself before it got to the RAM bit.
I messed about pulling RAM out, putting back in, took CPU out, cleaned thermal paste off with nail varnish remover, put back in. Pulled Graphics card off, put back in.
Now it comes on for ten seconds or so and nothing appears on monitor an switches itself off.
I've bought new CPU but I doubt this is the problem.

I'm expecting a lot of abuse here for cleaning CPU with nail varnish remover but I need help. Is it likely mobo or Power Supply?

18-04-2008, 08:03:51


but I need help.

Damn straight you do ;)

Have you tried the new CPU in it at all yet? I'd reset the CMOS too (via jumper on motherboard) to see if that helps.

18-04-2008, 08:41:32

Ok, I'll give the CMOS reset a go and see what happens.
Still waiting on my new CPU so can't try it yet.

18-04-2008, 09:24:18

Have reset CMOS and no luck. Poo.

18-04-2008, 11:28:29

I have a striker extreme 680i mobo with OCZ Reaper memory and Q6600 CPU. I have given it a nudge as of you know but its never gone higher so i've left it at the "norm" (3.0GHz and 930MHz - CPU and RAM respectively). I booted for my usual midnight CS bash with my nightshift friend and i got the same problem or symptoms at least as you. I have done everything you have done including using other components that I know are functional. It definitely that bloody board but I can't get it to boot at all. I've cleared the CMOS with the CMOS button and jumpers. I've tried reseting the whole system by removing all power giving parts and clearing then. Its a poop.
Unfortunately for my wallet bad for everyone on CS I now own a Striker Extreme 2 with DDR3 memory. OH YEH! Not great fix but at least I can play again.

21-04-2008, 05:22:39

Cheers bud, I'm selling off all the other working bits and binning the mobo. I'll invest in new system. Very exciting. What's CS?

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