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EA Still Interested in Buying Take Two Interactive.

May 19th, 2008 Posted in Digital Bits

EA LogoTake Two Interactive Logo

The board over at Take Two reviewed this third offer and it still considered it to be insufficient, this according to a press release written by the company. Take Two, feels they are being “low balled,” as the common non-corporate world would referred to a low offer. After the very healthy profit the recent record breaking GTA IV release gave Take Two’s shareholders, it’s going to be hard for the poorer of the billionaires to buy the shares up for grab.

Ben Feder, Take-Two’s Chief Executive Officer, said,

“EA’s highly conditional offer fails to compensate our stockholders for our exceptional portfolio of intellectual property, world-class creative resources, and our successful revitalization initiatives.”

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