Here is a small, but important update on the proposed EA takeover of Take 2. The board of directors has made a recommendation that the $26 a share buyout price is not enough. They have also asked all their shareholders to hold off on selling until after the release of GTA IV. Take 2 bumped up a meeting to discuss such matters to April 17. This date is only weeks away from the April 29th release date. By then the company will have a very good idea on how much they anticipate the company will be worth after the game sells millions. Here is the official statement from Take 2 on the recent proceedings.
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Write a Comment»I think it’s inevitable that Take 2 will either by bought or will merge with someone in the not too distant future
Smart move by Take 2 to hold off, but they will get bought eventually, the question is when and for how much.