Take-Two Says Other Suitors Besides EA Interested in Deal

Authored by Mark Hefflinger on February 29, 2008 - 7:41am.

Redwood City, Calif. - Just days after rejecting a $2 billion unsolicited takeover offer from Electronic Arts (NASD: ERTS) (EA), video game developer and publisher Take-Two Interactive (NASD: TTWO) said in a regulatory filing that it has since received "informal indications of interest" from other potential suitors.

The company, however, said that it has received no other formal offers.

Take-Two's board earlier this week said that EA's $26-a-share offer undervalues the company, and called it "highly opportunistic," given Take Two's pending release of "Grand Theft Auto IV."

The New York Post reported on Wednesday that EA isn't ruling out a hostile takeover, saying that it is "keeping all options open."

 

Related Links:
http://snipurl.com/20ogo (NY Post)

http://snipurl.com/20ogp (SEC filing)

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