While it was recently announced that EA had approached Take Two Interactive with $2 billion dollars to buy their company, it seems Take Two is getting around.

In a filing with the Securities and Exchange Commission on Thursday, Take Two reported that since EA’s offer the company has received additional offers described as “informal indications of interest in a business combination.” However, no specific companies have been named.

With top titles like Bioshock and Grand Theft Auto under its umbrella, it seems Take Two feels, like Epic VP Mark Rein, that their company is worth far more than what EA would like to offer. In a press release on their website Executive Chairman of the Board Strauss Zelnick stated that EA’s offer was rejected due to providing “insufficient value to our shareholders and comes at absolutely the wrong time given the crucial initiatives underway at the Company.” (more…)

Posted by Dennis | No Comments »

When it was rumored the other day that Epic might be acquired by Microsoft, Epic’s Vice-President Mark Rein joked that they should start the bidding at $2 billion. Apparently Electronic Arts thought that price sounded about right for another big time company, Take-Two Interactive. Take-Two is the parent company of 2K Games and Rockstar. So, essentially, Electronic Arts might soon be the parent company of Bioshock and Grand Theft Auto.

While Electronic Arts continues to be the monster that ate everything in video game land, this move actually makes some sense for Take-Two. While occasional hits keep the company afloat, there have been many bombs and Rockstar has shown its only truly viable franchise to be Grand Theft Auto, with the possibility of Bully. Meanwhile, EA Sports has basically pushed 2K Sports to the point of starvation by acquiring exclusive rights to many popular sports leagues. 2K Sports does retain the exclusive third-party rights to Major League Baseball. (more…)

Posted by Justin | 1 Comment »