EA offer to buy Take Two again (for less money!)

EA sure are persistent, and it seems they are not backing down in their efforts to try and acquire Take Two. Today they have revealed they are not only extending their tender offer for the company by an extra month, but they have also lowered the price they are willing to pay per share – which is been dropped from $26 down to $25.74.

It is unknown how Take Two or its shareholders will react to this new offer, but with a whole month available to make a decision we should not expect to hear a response soon.

Interestingly, Take Two already labelled previous offers from EA as “inadequate,” commenting that they thought EA could “deliver higher stockholder value than the current offer.” It should be interesting to see what Take Two have to say now that it seems EA believe they are worth less.