New York - Video game publisher Take-Two Interactive (NASD: TTWO) said on Thursday that just 8% of its shareholders were in favor of Electronic Arts' (NASD: ERTS) $2 billion bid for the company, prompting EA to extend the deadline and slightly reduce its offer -- which Take-Two again rejected. "The minuscule number of shares tendered, as well as the strong vote in favor of the proposals presented at our annual meeting, offer indisputable evidence that our stockholders regard our efforts to enhance Take-Two's stockholder value as superior to the EA offer," Take-Two chairman Strauss Zelnick.

New York - Investors at video game publisher Take-Two Interactive ousted five of the company's six board members on Thursday -- including CEO Paul Eibeler -- in a shake-up that followed multiple controversies at the company, including stock options backdating and a scandal surrounding its "Grand Theft Auto" franchise.