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Take-Two: EA Buyout Just One of Many Offers
by Chris Faylor, Feb 29, 2008 10:13am PSTIt seems that Electronic Arts isn't the only company interested in acquiring Grand Theft Auto publisher Take-Two Interactive.
According to an SEC filing made by Take-Two, the company has received multiple "informal indications of interest in a business combination" since EA failed to acquire the company.
Last Sunday, EA went public with an unsolicited offer to acquire Take-Two for $2 billion. Take-Two rejected the proposal almost immediately, calling the large sum "insufficient." Rival publisher Activision spoke out a few days later, claiming that it had no plans to buy the company.
While no specific details on the interested parties were provided, Take-Two did note that it "has not received any written 'offers' and has not engaged in any substantive discussions with any party (including EA)."
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