- EMC hikes offer for Data Domain, bidding escalates
- Popular Tehran Bureau site covers Iran from Mass.
- Social Security number code cracked, study claims
- DoCoMo invests $45.5M in US mobile video firm
- Samsung announces earnings estimate
- Omg! Positive tone boosts Yahoo celeb site to top
- BT offers staff time off in exchange for pay cut
- The old is new again at Saturday Evening Post
|
CNBC'S MOST SHARED
- A Goldman Trading Scandal?
- Rich People With A Death Wish
- Facebook Director Sees 'Billions' in Revenue in 5 Years
- The Threat of Ballooning Pensions
- Lehman CEO: Firm Deserved Bailout or 'Wind Down'
- FedEx Sees Signs of a Turnaround: Report
- Texting And Driving Worse Than Drinking and Driving
- Market's Monday Blues
- Hey, What's Up Doc?
- Judge Gives Control of Jackson Estate to Executors
- Second Half: Wait For Pullbacks, Then Buy the Best
- Accused Ex-Goldman Sachs Programmer Out on Bail
- Used Video Game Sales Soar: So Who Wins?
- Discover Shares Fall on Word of Stock Offering
- The Weirdest Currencies on Earth
- Recession Special: Wine Cheaper Than Water!
- GM to Get Final $20 Billlion From US This Year
- California General Obligation Bond Rating Cut
- Get the Full Rundown of Today's US Business News Here
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.
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes