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 Send to email | EA Confirms Take-Two Offer Extension [EA Bid For Take-Two] in acquisitionEaEA Bid For Take-TwoIndustryNewsTake-TwoTop |  By Leigh Alexander
el 19-May-2008 |
eataketwopuzzle.jpg: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
 Electronic Arts announced this morning that it has extended its bid to buy Take-Two. The prior bid expired on Friday, May 16th, and this latest extension, the third since EA announced its bid, gives the publisher until June 16th to negotiate a deal.
According to the latest SEC filing, EA has not raised its bid, as some analysts had speculated it would. The offer remains at $25.74 per share, and as of the time the filing was made, the company reported that only 6,210,261 shares had been tendered to EA - to acquire a majority stake, EA needs more than five times that many.
"Extending our offer will allow the FTC review process to continue," said EA VP of corporate development Owen Mahoney. "EA's offer price remains unchanged at $25.74 per share and our offer is still subject to conditions that include regulatory approval. As stated earlier, we retain the right to terminate the offer if the conditions are not satisfied."
Following EA's extension announcement, Take-Two executives also issued statements:
"This is the same highly conditional proposal that EA offered Take-Two stockholders on March 13, 2008, which our Board of Directors thoroughly reviewed and unanimously determined to be inadequate and contrary to the best interests of Take-Two's stockholders," said Take-Two Board chairman Strauss Zelnick, stating again that he recommends stockholders not tender shares to EA.
"We said we were willing to begin formal discussions with interested parties on April 30, following the launch of Grand Theft Auto IV, and we have in fact begun that process," Zelnick said.
Take-Two CEO Ben Feder said that GTA IV's record-breaking launch, along with recently-announced plans to develop a BioShock feature film , [demonstrate] how Take-Two is delivering value from our powerful and wholly-owned intellectual property. The small number of shares tendered into EA's offer to date demonstrates that our stockholders agree with what our Board has maintained from the beginning: EA's proposal undervalues our Company."
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| EA Confirms Take-Two Offer Extension [EA Bid For Take-Two] | | Electronic Arts announced this morning that it has extended its bid to buy Take-Two. The prior bid expired on Friday, May 16th, and this latest extension, the third since EA announced its bid, gives the publisher until June 16th to negotiate a [..] Read complete article | | Published 19-May-2008 by Leigh Alexander in acquisitionEaEA Bid For Take-TwoIndustryNewsTake-TwoTop
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| Cellular South confirms it will offer the HTC Desire |  HTC announced earlier today the Android-powered Desire was slated to land with select regional carriers in the U.S., but the smartphone giant did not name names. Rather than keep the nation in suspense, Cellular South has come forward as the first regional carrier to… [..] Read complete article | | Published 16-Jun-2010 by Kelly Hodgkins in AndroidCarriers - USHTCCellular SouthDesire
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Verizon Wireless confirms it will offer Samsung Galaxy Nexus ?later this year? | | As expected, Verizon Wireless announced on Friday that it will offer the newly unveiled Galaxy Nexus later this year. The Galaxy Nexus is the first phone to run Google’s new Android 4.0 (Ice Cream Sandwich) operating system. It is is equipped with a 4.65-inch Super AMOLED display, a 1.GHz processor, 1GB of RAM, support for NFC, a 5-megapixel camera capable of recording 1080p HD video, a 1.3- [..] Read complete article | | Published 21-Oct-2011 by Todd Haselton in BreakingMobile4G LTEGalaxy NexusSamsungverizon wireless
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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| The Car of Tomorrow Has an Extension Cord | | Forget hydrogen. The car of the future has an extension cord and a great big laptop battery.
The next evolution of the automobile will be plug-in hybrids that get their juice from a household electrical outlet. They’ll start rolling into showrooms within in 18 months. Experts say plug-in hybrids could account for about 20 percent [...] [..] Read complete article | | Published 18-Jul-2008 by Nerdblog in General
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| Yahoo User Interface Blog | Blogger | Is a collection of industrial-grade JavaScript utilities and widgets that enable you to efficiently get the most out of today’s powerful web applications. Yahoo! User Interface Blog News and Articles about Designing and Developing wiht Yahoo! Libraries. |
| The "MakeNode" Widget Extension | | In my previous article, A Recipe for a YUI 3 Application, I showed a way to use Y.substitute as a very basic template processor. The idea took life from there, with suggestions from the folks in the #yui IRC channel, and I made it a Widget extension that is available on my site, called MakeNode. [...] [..] Read complete article | | Published 08-Jul-2011 by Satyam in Development
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| Yahoo User Interface Blog | Blogger | Is a collection of industrial-grade JavaScript utilities and widgets that enable you to efficiently get the most out of today’s powerful web applications. Yahoo! User Interface Blog News and Articles about Designing and Developing wiht Yahoo! Libraries. |
| Updated: The ?MakeNode? Widget Extension |  Editor’s Note: This article was originally published earlier this year. Since then, the MakeNode module has been published to the YUI Gallery and received some enhancements. Today’s article reflects all the latest changes to MakeNode. In my previous article, A Recipe for a YUI 3 Application, I showed a way to use Y.substitute as a [...] [..] Read complete article | | Published 12-Sep-2011 by Satyam in DevelopmentYUI 3 Gallery
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| Yahoo User Interface Blog | Blogger | Is a collection of industrial-grade JavaScript utilities and widgets that enable you to efficiently get the most out of today’s powerful web applications. Yahoo! User Interface Blog News and Articles about Designing and Developing wiht Yahoo! Libraries. |
| Updated: The ?MakeNode? Widget Extension | | Editor’s Note: This article was originally published earlier this year. Since then, the MakeNode module has been published to the YUI Gallery and received some enhancements. Today’s article reflects all the latest changes to MakeNode. In my previous article, A Recipe for a YUI 3 Application, I showed a way to use Y.substitute as a [...] [..] Read complete article | | Published 12-Sep-2011 by Satyam in DevelopmentYUI 3 Gallery
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
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Just a little while ago, Take-Two announced that EA has agreed to sign a confidentiality agreement and review the object of its hostile financial affection's business plans for the ne [..] 
