Take 2 Interactive rejects EA's $2 billion bid.

[Darkness]

http://news.yahoo.com/s/ap/take_two_electronic_arts

Wowee.
Thats greedy, but I really dont blame them, especially with GTA coming out in a month.

[Violence in HD]

$2 billion is nothing to Take Two.

[eswat]

If I was Strauss Zelnick I'd reply to EA's offer with a link to a Rick Roll.

[Lord Moon]

That a bit surprising. I thought when EA started the hostile takeover the Take Two shareholders would jump at the "instant-profit."

[Nut_Man]

That a bit surprising. I thought when EA started the hostile takeover the Take Two shareholders would jump at the "instant-profit."

I think you misunderstood the article. The shareholders have not rejected anything yet. Take twos board is asking the shareholders to reject EA's offer. A hostile takeover is when a company goes directly to the shareholders, buys over 50%, and replaces the current board with their own.

[Lord Moon]

Well re-reading the story it really is a non-story then. Everything it says was reported when the hostile takeover started. Take Two told it's shareholders then to reject EA's offer.

[Darkness]

I think you misunderstood the article. The shareholders have not rejected anything yet. Take twos board is asking the shareholders to reject EA's offer. A hostile takeover is when a company goes directly to the shareholders, buys over 50%, and replaces the current board with their own.
It isnt beyond EA to do something like that.
In fact, Im surprised Take Two didnt take defensive measures sooner than this.

[eswat]

Just thought I'd throw it in here.

Someone from CAG bought shares in Take 2 a few years ago, when they were at a rock-bottom low. He sold all his shares today to EA for $40,000+

http://www.cheapassgamer.com/forums/showthread.php?t=98994