Desperate EA Extends Deadline
- Scribbled on March 28th, 2008 by Jonah Falcon
- Filed in Industry News, Legal Brief, Press Release, WTF
Electronic Arts’ desire is beginning to look like desperation as they extend the deadline for Take 2 Interactive to accept their “very generous offer” to April 16.
“The actions of the Take-Two Board may increase the risk for their stockholders by delaying a potential transaction,” said Owen Mahoney, Senior Vice President of Corporate Development at EA. “We continue to believe that our $26.00 per share offer price is full and fair, and that a transaction between Take-Two and EA is the most compelling combination financially, strategically and operationally for all parties.”
Of course, Grand Theft Auto IV comes out on April 29, and Take 2 is not about to share that piece of pie.
March 28th, 2008 at 10:54 am
“For all parties” = “EA”
March 28th, 2008 at 2:11 pm
This makes me laugh. I think it is safe to say they are beyond the point of desperation.