Electronic Arts Take-Two refused to "marry" two billion bride price too low

Wednesday, Take-Two Interactive Software Inc. to its shareholders a statement, rejecting the EA offer two billion U.S. dollars takeover offer, saying the offer is not high enough.

According to foreign media reports, Take-Two Interactive Software Inc. said, in order to maximize the interests of shareholders, the company will explore other options, including cooperation with the EA or other companies, but the job will not has released "Grand Theft Auto 4" (Grand Theft Auto IV) before. Take-Two plans on April 29 released "Grand Theft Auto 4."

3 13, EA directly to Take-Two shareholders $ 26 per share to buy Take-Twos takeover bid, Take-Two said the board would take 10 days to evaluate the offer . Up to Wednesday, exactly 10 working days.

Electronic Arts said, Take-Two rejected the acquisition of the "shareholders is a great pity," claiming that its bid was tall and ADV7171KSU datasheet and fair. EA said in a brief statement that the price of the acquisition of Take-Two than its Feb. 15 closing price, namely the acquisition of Take-Two privately issued last trading day before the bid price higher than 64%.

If the transaction goes well, after the merger of the two companies will join the Activision Blizzard, French media giant Vivendi is buying Activision, is expected to be completed in the first half of this year.

Combined prevalence of the wind industry players and ADV7171KSU price and developers worried about the game content will affect the innovation. Nick Zell, chairman of Take-Two, said he was worried that the industry consolidation will affect the quality of the game.

To prevent EAs hostile takeover, Take-Two has taken appropriate measures: in the next three months, to take ━ ━ property rights agreements, also known as "poison pill" measures. If those who hold 20% of the external Take-Twos stock, or existing shareholders holding 20% of the shares on the basis of 2% would like to buy stocks, Take-Two will start the "poison pill" measures . "Poison pill" measure was not intended to impede the acquisition of other peoples fair, but to protect the interests of all shareholders.

Take-Two also its upcoming shareholders meeting delayed one week to April 17 meeting, amended the rules to allow shareholders more time to nominate board members.

Recent weeks, Take-Twos stock price has climbed to 26 dollars.