Aug 18 2008
Current EA offer expires at midnight
Make no mistake: Electronic Arts is still looking to buy Take-Two. Unfortunately for EA, it seems that the process has drawn out long enough for EA to retire the $25.74 per share in cash offer for the Grand Theft Auto publisher. That offer expires today, at midnight tonight.
Instead, Take-Two has asked EA to sign a confidentiality agreement and will provide a management presentation to executives at EA, demonstrating the true value of the company. That includes a three-year release schedule, financial projections… all the good stuff I’d like to get my hands on. Alas, it’s only meant to convince EA that they need to fork over more money to acquire Take-Two.
