EA Put Forth Another Offer For Take Two

It is been reported that EA has once again put forth an offer to acquire Take Two. The company is once again looking to acquire all of Take-Two’s outstanding shares and have offered $26 for each. Unlike the previous offer this tender offer has been revealed to the public from the outset. The $26 per share is the exact same proposal they made late last February which Take Two abruptly turned down. EA still believe this bid represents a 50% premium over the most recent closing price of Take-Two’s shares. With EA refusing to add any more weight to their offer they are obviously hoping shareholders within the company will now force Take Two to sell at that price this time round.

This new offer is set to expire on the April 11th at midnight, and it’s likely we will have to wait until very close to that date, if not on that exact day to see what Take Two has to say on the mater this time round. If the deal does happen to go through this time round it will be the third big purchase EA have made in recent months. They last splashed the cash spending over $620 million on BioWare and Pandemic Studios in October of 2007.

Of course, getting their hands on Take Two for what is reported to be a deal of almost $2 Billion would dwarf that transition significantly, not only in monetary value, but also due to the large amount of studios involved such as 2K Games, Firaxis Games, Global Star Software, and of course the imposing Rockstar Games.