These guys have $3.4 billion in cash equivalents and no debt to speak of.
Are you a publisher? Try Daylife's Intelligent Content Services Platform
Take Two's management has rejected EA's offer for $26 per share, claiming that it is not enough. Then it stuffed its own pockets with options and instituted a generous severance plan for employees if the company is taken out
If EA really is desperate to land this deal, it could easily afford to raise the bid
The Board of Directors of Take Two Interactive Software, Inc. today recommended that Take Two stockholders take no action at this time in response to the announcement by Electronic Arts Inc. that it has made an unsolicited conditional tender offer to acquire all of Take Two's outstanding shares of common stock for $26 per share in cash.
| World | People | Quoted | Highlights | The Wire | Galleries | Blog | Labs | On the rise |
|---|---|---|---|---|---|---|---|---|
|
Zimbabwe declares cholera emergency
US congresswoman hangs up on Obama
European court makes ruling on DNA rights
|
We have thousands of beautiful images from Getty, Reuters, and the Associated Press.
|
22 November 2008 | 12:21 pm
4 November 2008 | 12:24 pm
28 October 2008 | 9:05 am
|