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Electronic Arts Extends Take Two Tender Offer To August 18 Take Two Remains Firm Update: related news

Electronic Arts Extends Take-Two Tender Offer To August 18; Take-Two Remains Firm - Update

(RTTNews) - Monday morning, video game publisher Electronic Arts Inc. or EA (ERTS: News, Chart, Quote ) announced extending its tender offer for the hostile buyout of rival Take-Two Interactive Software Inc. (TTWO: News, Chart, Quote ) to August 18, responding to which Take-Two stated that it remained committed to recommending to its shareholders not to tender their shares to EA.

Electronic Arts to end US$2B hostile bid for Take-Two, start friendly talks instead

Electronic Arts Inc. said yesterday it will drop its hostile US$2-billion bid for rival video-game publisher Take-Two Interactive Software Inc. and instead pursue private talks with the company that created the popular Grand Theft Auto series and other video games. While shares of Take-Two fell 4% on the spectre that EA might walk away, or come back with a lower bid, analysts said a deal was more probable now that friendly talks were in the offing. EA, maker of Rock Band, Madden and other games, said yesterday John Riccitiello, its chief executive, and Strauss Zelnick, Take-Two executive chairman, held talks over the weekend. "I think Take-Two ... is going to negotiate a dollar [per share] higher and then claim victory," said Wedbush Morgan Securities analyst Michael Pachter.

Electronic Arts Issues Update on Offer for Take-Two

REDWOOD CITY, Calif. - Electronic Arts Inc. (“EA”) (NASDAQ:ERTS) today issued an update on its offer to acquire Take-Two Interactive Software Inc. (“Take-Two”) (NAS

Electronic Arts issues Update on Offer for Take-Two - Quick Facts

Electronic Arts accepts Take-Two's offer of management presentation; To let tender offer expire - Update

Analyst: EA, Take-Two To 'Continue To Posture'

Analyst: EA, Take-Two To 'Continue To Posture' While EA won't extend its $2 billion tender offer to acquire Take-Two when it expires at midnight tonight, Take-Two is expected to make a management presentation to EA within the next few days. The two companies could still reach an acquisition agreement (EA has said it's "hopeful").

UPDATE 1-Electronics Arts extends Take-Two offer by a month

NEW YORK (Reuters) - Video game publisher Electronic Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz) said on Monday it has extended its unsolicited tender offer for shares of Take-Two Interactive Software Inc (TTWO.O: Quote, Profile, Research, Stock Buzz) by one month to August 18.

Electronic Arts Won't Buy Take-Two Until August

More news on the Electronic Arts wants to buy Take-Two Interactive saga. The last episode featured Take-Two having to file information with the Federal Trade Commission and not feeling good about the at all.

Electronic Arts Again Extends Take-Two Offer (DJ)

Electronic Arts Inc. (ERTS) extended its tender offer for Take-Two Interactive Software Inc. (TTWO) a fifth time as it waits to see if the deal will be cleared by the Federal Trade Commission.

Electronics Arts extends Take-Two offer by a month

NEW YORK (Reuters) - Video game publisher Electronic Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz) said on Monday it has extended its unsolicited tender offer for shares of Take-Two Interactive Software Inc (TTWO.O: Quote, Profile, Research, Stock Buzz) by one month to August 18.

Take-Two Interactive Software, Inc. Responds to Electronic Arts' Fifth Extension of Tender Offer

Take-Two (TTWO) Responds to EA's (ERTS) Extension of Tender Offer; Recommends Stockholders Not Tender Shares

Electronics Arts extends Take-Two offer by a month

NEW YORK -- Video game publisher Electronic Arts Inc says it has extended its hostile tender offer for shares of Take-Two Interactive Software Inc by one month to Aug. 18.

Electronic Arts withdraws offer for Take-Two

Electronic Arts said Monday that it had withdrawn its $2 billion tender offer to purchase its rival Take-Two Interactive, ending its five-month hostile takeover bid for the maker of the Grand Theft Auto video game franchise.

Electronic Arts extends deadline to buy Take-Two

Video game publisher Electronic Arts Inc. has again extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc.

Electronic Arts again extends deadline to buy Take-Two, needs for more time for FTC review

Video game publisher Electronic Arts Inc. has again extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc.

Electronic Arts extends deadline to buy Take-Two

NEW YORK (Associated Press) - Video game publisher Electronic Arts Inc. has again extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc.

Electronic Arts again extends deadline to buy Take-Two, needs for more time for FTC review

REDWOOD CITY, Calif. (AP) _ Video game publisher Electronic Arts Inc. has again extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc.

Take-Two Interactive Software, Inc. Responds to Electronic Arts' Fifth Extension of Tender Offer

NEW YORK - (Business Wire) Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today responded to Electronic Arts Inc.

Take-Two Interactive Software, Inc. Responds to Electronic Arts' Fifth Extension of Tender Offer

NEW YORK--(BUSINESS WIRE)--Take-Two Interactive Software, Inc. (NASDAQ:TTWO - News) today responded to Electronic Arts Inc.

Electronic Arts won't extend Take-Two deadline

REDWOOD CITY, Calif. (AP) - Video game publisher Electronic Arts Inc. said it won't extend a Monday evening deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc., best known for the popular "Grand Theft Auto" series of games.

UPDATE: Electronic Arts Seeks Due Diligence On Take-Two Deal

SAN FRANCISCO (Dow Jones) -- Electronic Arts Inc. said Monday it will allow Take-Two Interactive Software to make a confidential presentation on the video- game publisher's finances and operations in connection with ongoing merger talks.

[08/18] Electronic Arts won't extend Take-Two deadline

NEW YORK (AP) - Video game publisher Electronic Arts Inc. may be retracting its hostile bid for smaller rival Take-Two Interactive Software Inc., but a deal - and a friendly one at that - is more likely than ever.

Electronic Arts pulls plug on Take-Two takeover

Games developer Electronic Arts has withdrawn its offer to purchase Take-Two Interactive, signaling the end of a five-month hostile takeover bid for the company, the parent of Rockstar Games, developers of the Grand Theft Auto series.

Activision Blizzard Announces Final Results of Self-Tender Offer

today announced the final results of its tender offer to purchase up to 146,500,000 shares of its outstanding common stock at a price of $27.50 per share, net to the tendering stockholders in cash, less any applicable withholding taxes and without interest. The tender offer expired at 5:00 p.m., New York time, on Wednesday, August 13, 2008. Pursuant to the tender offer, Activision Blizzard has purchased 85,916 shares of its common stock at a purchase price of $27.50 per share for a total cost of approximately $2.3 million, excluding fees and expenses relating to the tender offer. Activision Blizzard is funding the purchase of shares in the tender offer with available cash on hand. The tender offer was agreed to be made in connection with the business combination between Activision, Inc.

Electronic Arts, Take-Two in confidential talks

NEW YORK (Reuters) - Video game makers Electronic Arts Inc and Take-Two Interactive Software, Inc signed a confidentiality agreement after agreeing to hold private talks about a potential transaction, EA said on Monday.

Electronic Arts, Take-Two in confidential talks

NEW YORK (Reuters) - Video game makers Electronic Arts Inc (ERTS.O: Quote, Profile, Research) and Take-Two Interactive Software, Inc (TTWO.O: Quote, Profile, Research) signed a confidentiality agreement after agreeing to hold private talks about a potential transaction, EA said on Monday.


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