After being turned down the first time, Electronic Arts has returned to issue yet another offer to Take-Two Interactive in hopes of acquiring the company that owns Rockstar Games and 2K Games.
The publisher has issued an offer of USD 26 per share to the shareholder’s of Take-Two, which in a broad spectrum is worth approximately USD 2 billion, similar to the sum that Take-Two previously declined. The offer expires at 5am GMT on Saturday April 12 – a full two weeks before the release of the highly anticipated Grand Theft Auto IV.
EA’s CEO John Riccitiello explains:
"This is a great opportunity for Take-Two shareholders. We believe Take-Two investors will see our tender offer as the best way to maximize the value of their investment in Take-Two.
"This tender offer provides a clear process to complete the proposed transaction. For EA shareholders, the combination would add additional intellectual properties to our already strong portfolio and welcome Take-Two’s talented creative teams to the great development organization we’ve built at EA."
Stay tuned for more information on the situation as it breaks.