Take-Two Interactive Software, Inc. Recommendation of the Board of Directors to Reject Electronic Arts Inc.’s Tender Offer March 2008
Aspyr Media, Inc. announced today that The Sims Castaway Stories for Mac, the third release in the product line The Sims Stories, has begun shipping to retail stores throughout North America. The Sims Castaway Stories, licensed by Electronic Arts, was developed for Mac by Aspyr Studios
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.
Software (in 2007 had) phenomenal growth, riding the wave of hugely successful title launches such as (Microsoft's) Halo 3, (Activision Inc.'s) Guitar Hero III and (Electronic Arts Inc.'s) Rock Band. In fact, the focus for 2008 will be in the software category, where CEA estimates a 26 percent increase in sales over 2007