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Electronic Arts presses Take-Two to accept buyout
The video game maker takes its offer of $26 a share directly to its rival's shareholders. Electronic Arts Inc. turned up the heat Thursday on its $2-billion buyout offer for Take-Two Interactive Software Inc., taking its cash offer directly to Take-Two's shareholders after the company's board rejected the bid as insufficient.
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Electronic Arts made a tender offer Tuesday for the rival video game maker Take-Two Interactive Software at $26 a share, indicating that its $2 billion bid was turning hostile.EA's Bid for 'GTA' Developer Take-Two Goes Hostile
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The video game giant throws a $2.
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