EA Plays Dirty with Take Two Board of Directors??

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This morning EA has filed an Offer to Purchase form this morning with the Securities and Exchange Commission (SEC) This offer is exactly the same as what they offered the Board, willing to buy each share of stock at $26.00, which equals to the same $2 Billion.

The offer is scheduled to expire at 5am GMT on Saturday, April 12. Take-Two is due to launch GTA IV two weeks later. EA seems to be a bit worried about the price of the stock after the release of GTA IV, and is in a hurry to get this deal done.

The question is will EA get the same answer from the stockholder as the board did, or will the stockholders jump ship?

Stay with GDN as we continue to follow this saga.

In : PC

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