News

EA still want Take-Two

Offer set for extension?

The Wall Street Journal are this week reporting that Electronic Arts still hope to complete a take-over of Grand Theft Auto IV publisher Take-Two, despite the firm's board repeatedly refusing EA's overtures.

EA's two-billion USD offer expired on Friday, but the publication suggests that the company are likely to extend the offer period once again, giving rebellious Take-Two shareholders more time to further pressure their stubborn board.

While there has been talk of mutiny at the GTA maker, so far EA have failed to secure a majority-backing for their acquisition. EA are expected to confirm their intentions today, while GTA IV continues to ride high in the charts, also topping the Xbox Live activity ranking.

More soon.

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