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AP
Electronic Arts Offers $2B for Take-Two
Sunday February 24, 3:27 pm ET
Electronic Arts Offers to Buy Gaming Rival Take-Two Interactive for $2B, Despite Rebuffs
REDWOOD CITY, Calif. (AP) — Electronic Arts Inc. is pushing ahead with a bid to take over upstart gaming rival Take-Two Interactive Software Inc., despite rebuffs from the smaller company.EA said in a statement Sunday that it is making an all-cash bid of $26 per share, or about $2 billion, for New York-based Take-Two.
EA, the world’s largest independent video game publisher, says it’s releasing details of the proposal to get the attention of Take-Two shareholders after Take-Two’s board turned down the deal.
The offer represents a 64 percent premium over Take-Two’s closing stock price Feb. 15, the last trading day before Redwood City-based EA made its proposal.
According to gameIndustry.biz: “The NPD Group has released the US hardware and software sales figures for August 2007, with EA’s Madden NFL ‘08 dominating the charts.The Xbox 360 version of the game was number one, with 896,600 units sold, followed by the PlayStation 2 version, with 643,600 units sold. The PlayStation 3 version of the game sold 336,200 units, which was good enough for fourth place overall.
The Wii, Xbox, and PSP versions of Madden NFL ‘08 were in eleventh, twelfth, and eighteenth place, respectively.
Bioshock, which is atop the charts in other countries, came in third with 490,900 units sold.
Three Wii games–Wii Play, Metroid Prime 3, and Mario Strikers: Charged–took the fifth, sixth, and seventh positions on the charts. Mario Party 8, also for the Wii, was in the ninth spot. (more…)
EA Sports is porting the following games to the Mac:
- Need for Speed: Carbon
- Tiger Woods PGA Tour ‘08
- Madden NFL ‘08
