Take Two Takeover...rejected

Filed in archive Game Tips on February 27, 2008

In the recent days, EA has revealed that it has launched a takeover bid for GTA creators Take Two, worth up to $2 billion, showing just how much money the games industry is really worth nowerdays.

However, Take Two have rejected the bid, with no real reason announced, but it is presumed that the value, despite being 63% above the stock worth, is not high enough, seeing as the revenue that games such as GTA bring in is monumental.

EA have launched a site to inform people about what the takeover might mean, check it here.