- Bonus Bloodbath: Europe Banker Backlash Continues
- US Trade Deficit Swells to $48.8 Billion on China Gap
- Stocks Looking Past Europe for a New Driver of the Rally
- SEC Reaches Settlement in Bear Stearns Fraud Case
- Israel Likely to Bomb Iran This Year: Political Analyst
- EU Agrees Rules for $700 Trillion Derivatives Market
- The World's Best Beers
- Rep. Bachus Faces Insider Trading Probe: Report
- In Europe, Stagnation as a Way of Life
MOST SHARED
- Criminal Probe Trail Going Cold at MF Global
- Global Markets Update: Markets Soften After Failure to Clinch Greek Deal
- Israel Likely to Bomb Iran This Year: Political Analyst
- Bank of America’s Worst-Case Scenario Gets More Real
- EU Agrees Rules for $700 Trillion Derivatives Market
- Stocks Seen Lower; Greek Debt Hurdles Remain
- CPAC 2012: Energized or Demoralized?
- Greek Aid Deal 'Much Better' Than Euro Exit: Summers
- Global Markets Update: European Markets Follow Asia Lower
- Greeks on Strike as the Second Bailout Is in Limbo
MOST POPULAR
HOT ON FACEBOOK
Take-Two Gets 'Informal' Interest Aside from EA
Text Size 
Take-Two Interactive Software
"From time to time the company receives, and since the issuance of the press release by EA the company has received, informal indications of interest in a business combination," Take-Two said in a filing with the U.S. Securities and Exchange Commission.
"However, the company has not received any written 'offers' ... and has not engaged in any substantive discussions with any party (including EA) with respect to a business combination," Take-Two said.
Some Shareholders Displeased
Major shareholders of Take-Two Interactive [TTWO
Loading...
()
] ] $1.9 billion offer as "woefully low," Take-Two Chief Executive Ben Feder said on Thursday.
"There is general agreement (among shareholders) that $26 dollars a share is woefully low, and EA can and should pay more," Feder said in an interview.
A deal with Electronic Arts would bring annual synergies in the "triple digits", meaning at least $100 million, he said.
EA made an unsolicited $1.9 billion offer for Take-Two public on Feb. 24. Take-Two, which publishes the blockbuster "Grand Theft Auto" game, said the offer "undervalues" the company.
Data is a real-time snapshot *Data is delayed at least 15 minutes
