Electronic Arts $2B offer for Take-Two

Electronic Arts Inc. is pushing ahead with a bid to take over upstart gaming rival Take-Two Interactive Software Inc., despite rebuffs from the smaller company.EA said in a statement Sunday that it is making an all-cash bid of $26 per share, or about $2 billion, for New York-based Take-Two.EA, the world's largest independent video game […]

Electronic Arts Inc. is pushing ahead with a bid to take over upstart gaming rival Take-Two Interactive Software Inc., despite rebuffs from the smaller company.

EA said in a statement Sunday that it is making an all-cash bid of $26 per share, or about $2 billion, for New York-based Take-Two.

EA, the world's largest independent video game publisher, says it's releasing details of the proposal to get the attention of Take-Two shareholders after Take-Two's board turned down the deal.

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EA, Take-Two, Bid, Corporate News