EA Extends Take-Two Offer

It seems monolithic publisher Electronic Arts just won’t leave Take-Two Interactive alone, as the company has once again extended the deadline for its takeover bid of its rival. The extension moves the final date to June 16, leaving T2’s board of directors to consider EA’s $25.74 per share offer.

Take-Two has already responded, and while it doesn’t directly say anything, their response easily implies that they want more money, saying that the current deal isn’t “good” for their shareholders.

“Extending our offer will allow the FTC review process to continue,” said EA Corporate Development senior VP Owen Mahoney. “Our offer is still subject to conditions that include regulatory approval. As stated earlier, we retain the right to terminate the offer if the conditions are not satisfied.”

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