Take Two for EA
February 26th 2008 12:44
After eating up BioWare, creators of Neverwinter Nights and Mass Effect, Electronic Arts wants to now merge with Grand Theft Auto’s and Bioshock’s publisher; Take Two.
Gaming News website, Next Generation, has posted a letter by EA to Take-two to merge together.
According to my interpretation of the letter, EA has formally asked Take-two before, asking for $25 per share. Now they asked them a second time with a new offer of $26 per share.
In the letter, EA had proposed the benefits of Take Two merging together, like having their broad range of titles associated with GTA to increase their titles audience reach and profit like never before. They also promised to provide the best environment for the developers, from 2k and Rockstar, if merged with the EA team. And a promise to cover the long term issue of profit after GTA 4 has been released and a drought of big names from Take Two ensues.
A reply from Take Two was meant to be sent to EA by February 22, 4 days ago. With no headlines stating a merger still, it is likely Take Two has declined their offer.
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