NEWS /
|
Video game publisher Electronic Arts Inc. has again extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc. The offer now is scheduled to end at 11:59 p.m. EDT on Aug. 18, an extension from this past Friday. EA said Monday it needed more time to allow regulators to continue their review. EA previously announced that it was in ''substantial compliance'' with the Federal Trade Commission's request for information about its proposed buyout of Take-Two. Based on its agreement with the FTC, EA said in a regulatory filing it will not close any acquisition until at least Aug. 21 or the FTC closes the investigation - whichever is earlier. EA is trying to buy Take-Two, best known for the popular ''Grand Theft Auto'' series of games, for $25.74 per share, or about $2 billion. Take-Two has repeatedly rejected the offer as too low. In a statement responding to the deadline extension, Take-Two Chairman Strauss Zelnick urged Take-Two shareholders to resist the offer. CEO Ben Feder said strong sales of ''Grand Theft Auto IV'' and other developments ''have further demonstrated that our value-creation potential is greater than EA's offer.'' The latest deadline extension is the fifth. The first extension came after Take-Two moved back the date of its annual shareholder meeting by a week. Since then, EA has cited the regulatory review. |
Tags: EA
Mixx
Facebook
Twitter
Digg
delicious
reddit
MySpace
StumbleUpon
LinkedIn
Trends of 2011 - Digital goes mainstream
The year 2011 has witnessed phenomenal changes in how we consume digital data, be it social network, net banking, purchasing goods or accessing information.
The best video game trailers of 2011
Battlefield 3: Back to Karkand Impressions
Game of the Year 2011 - First Person Shooter (FPS)
Battlefield 3 DLC out today
Game of the Year 2011 - Action
Battlefield 3 mega patch out now
Leaked Images, Availability, Pricing,
Specs, Pre-order
How time flies. A few weeks ago the BlackBerry world was mad at RIM for a massive 3-day outage. Now,...
WD Scorpio Blue 1TB (WD10JPVT) Review
14 Feb, 2012, 09:31 AM IST
6.0
The hard drive market has turned volatile, ever since the floods wreaked havoc in Thailand. Factories of major ...
Upgraded version of Galaxy Pop sighted, coming soon
14 Feb, 2012, 09:34 AM IST
The upgraded version of the original Galaxy Pop is coming soon. Online store seller, Flipkart has listed this item ...
Samsung officially unveils Galaxy Tab 2 running on Android 4.0
1080p sample video from LG Prada 3.0 leaks online
Komparify.com helps you choose the best mobile data plan
German scientists place chip into retina; bring hope to the blind
Market Watch: Tablets (Feb 2012)
Tablets have been making rounds for a while now, but it wasn’t until a...
Resident Evil: Operation Raccoon City Interview
We sit down and talk to producer Mike Jones who assures us that fans have...
By Avinash Bali
Top smartphones under Rs. 15,000
The 15K budget has been a sweet deal for those not wanting to spend extra...
By Karan Shah
626 views
More from this Author
_011517074205_160x90.jpg "Epson Stylus Photo R3000")
Samsung officially unveils Galaxy Tab 2...
Asus Transformer Prime arriving on Feb...
Gabe Newell addresses Steam users...
Resident Evil: Operation Raccoon City...
About Us | Site Profile | Tech2 Team | IBNLive News | IBNLive Hindi News | Cricket News | Indian Stock Market | Policy | T & C
Copyright © 2011, Tech2.com India - A Network 18 India Venture
