GameCyte

EA’s Tender Offer to Take-Two Actually Expires

Holy sweet mother of Strauss Zelnick! Is it the Ragnarök? Does this spell the end for all mankind? Probably not, but this may actually spell the end for one of the industry’s longest-running potential takeovers. EA announced this morning that they would be allowing their longstanding tender offer for shares of Take-Two Interactive to expire [...]

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EA Extends Take-Two Blah Blah Blah

You know the drill. The new deadline is August 18th.

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EA Says Pretty Please, Take-Two Says No

It never ends! Electronic Arts’ “deadline” for their tender offer to Take-Two Interactive’s shareholders has come and gone — again — prompting EA to extend the deadline — again. Take-Two, in response, has advised its shareholders to remain firm and refuse the offer — again. Honestly, I could more or less copy and paste the [...]

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EA Takes Out Billion-Dollar Loan

Reuters is reporting that Electronic Arts has secured a billion dollars in loans from Morgan Stanley, among others, in order to finance its ongoing efforts to acquire Take-Two Interactive. EA’s bid, still standing firm at roughly $2 billion, has been on the table for three months now, and has seen increasingly bold tactics on both [...]

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EA Stands by $2 Billion Tender Offer, Take-Two Stands By Declining It

Following yesterday’s annual shareholders’ meeting by Take-Two Interactive, Electronic Arts has modified its existing tender offer, which was originally scheduled to expire today.

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GTA4 to Outsell Halo 3?

Variety, citing sources “close to Take-Two Interactive,” is reporting that Grand Theft Auto IV is predicted to sell over 6 million copies in its first week. This would make Rockstar’s newest crimefest a record-holder, outstripping Halo 3, which sold around 5 million copies.

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