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Game Details

Grand Theft Auto IV

Grand Theft Auto IV

Available on :
Pc
Xbox 360
Playstation 3
 
Developed by :
Published by :
Genre :
Third Person Action Game

Description

What does the American Dream mean today? For Niko Bellic, fresh off the boat from Europe, it is the hope he can escape his past. For his cousin, Roman, it is the vision that together they can find fortune in Liberty City, gateway to the land of ...

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News

Take2 takeover: EA extends offer but lowers it

Posted on Saturday, 19 April 2008 by Speed, source: Gamespot
EA has given an extension for their offer to take over shares of Take2, but to up the ante they've lowered the price they'll give to $25,74 per share instead of $26.

The board of Take2 meanwhile stays with their previous statements that EA's offer is undervalueing the company.

EA announced that its takeover offer, which was set to expire at 11:59 p.m. this evening, was being extended to May 16. The new date falls more than two weeks after April 30, which is one day after Grand Theft Auto IV's worldwide launch and the day Take-Two said it would begin entertaining acquisition suitors.
Analysts tend to go with Take2's board this time and believe EA will have to increase their offer if they want to succeed in getting shareholder support for the takeover:

"We continue to believe EA wants to buy Take-Two but will likely have to raise their tender to $30 per share if they expect to close the deal," said Janco Partners' Mike Hickey, who isn't positive that the massive publisher will follow through. "It's difficult for us to determine EA's willingness to increase their bid to complete the acquisition, but the accretive nature of the deal seems obvious and the incremental cost of a higher bid seems minimal compared to the longer-term benefits."
So I guess we'll have to wait until May 16th for the next step in this ballet :)
In other news:

3 Comment(s)

Anonymous

Anonymous

Dont do it Take2!
Dont do it Take2!
Quote
Posted on 22:56, April 21st 2008
Anonymous

Anonymous

With GTA4 hitting the shelves EA is in a lot of trouble. I hope EA goes bancrupt soon and they burn in flames for stupifying the games market with neverending line of sequels of bad games.
With GTA4 hitting the shelves EA is in a lot of trouble. I hope EA goes bancrupt soon and they burn in flames for stupifying the games market with neverending line of sequels of bad games.
Quote
Posted on 14:14, April 23rd 2008
Anonymous

Anonymous

EA sux EA Sports is awesum
i like nintendo better the DS AND WII
EA sux EA Sports is awesum i like nintendo better the DS AND WII
Quote
Posted on 23:08, April 23rd 2008
 

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