Take Two

EA Makes Hostile Bid for Take-Two Interactive

Authored by Scott Goldberg on March 13, 2008 - 7:26am.

Los Angeles - After its unsolicited bid to acquire Take-Two Interactive was rejected, EA (NSDQ: ERTS) launched a tender offer to acquire all of Take-Two's outstanding shares for $26 each, the price it offered the company last month, the WSJ reports.

Analyst says PS3 to Blame for Grand Theft Auto IV Delay

Authored by dmw on August 6, 2007 - 10:35am.

GamePro analyst Michael Pachter says it was development difficulties on Sony’s PlayStation 3 that forced Take-Two to delay Grand Theft Auto IV for both PS3 and Xbox 360. "We think it is likely that the Rockstar team had difficulty in building an exceptionally complicated game for the PS3, and failed to recognize how far away from completion the game truly was until recently," Pachter said in a statement.