In other words, EA read the past few weeks' worth of coverage of the Microsoft v. Yahoo fiasco and went "uhm, I bet we can pull that one of too. Call the lawyers!"
Electronic Arts, the video gaming giant, made an unsolicited $2 billion bid on Sunday for rival Take-Two Interactive, publisher of the Grand Theft Auto franchise, a deal that would further a wave of consolidation in the rapidly growing industry.
Electronic Arts, which publishes hit games like the Madden N.F.L. and Need for Speed series, offered to pay $26 a share for Take-Two, a 50 percent premium over its share price of $17.36 on Friday. The offer was made publicly after a series of private offers to Take-Two were rejected by its board.
Electronic Arts approached Take Two with a $26-a-share offer on Feb. 19, up from $25 share it initially offered on Feb. 15.
[From Electronic Arts Offers $2 Billion for Take-Two - New York Times]
And here we were waiting for the web 2.0 bubble to burst, yet none of us knew how. Now that we have the first two crazy moves, who is next?
0 comments:
Post a Comment