Take Two Board rejects EA approach again

Take Two executive chairman Strauss Zelnick has labelled EA’s ‘hostile’ $26-per-share tender bid forhis company as still being wrong place, wrong time”– and once again urged the firm’s shareholders to turn down the offer. Despite Zelnick’s protestations, however, there’s still time for EA’s bid to be successful: the offer expires …

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Microsoft: Were not interested in buying Take Two

Microsoft Game Studios’corporate VP Shane Kim has said that the firm is not likely to challenge EA’s $2 billion acquisition bid for Take Two because MS ‘doesn’t have any past relationship’ with the firm and is put off by the price it would have to pay. Answering GameDaily readers’ questions, …

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Japan: 100m DS software units sold

The success of Nintendo’s DS knows no bounds in Japan, with the console’s software sales hitting a stonking 100 million units in the territory since launch. As IGN points out, Nintendo software is now as popular in Japan as ‘The Sims is in the entire world’. The top ten best-selling …

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Report: Non-gaming kids at bigger risk of being anti-social

A new research book into the global video games industry, which was produced with $1.5 million of US Government money, has concluded that video games actually help give young people ‘social confidence’. Grand Theft Childhood: The Surprising Truth About Video Games And What Parents Can Do, penned by Lawrence Kutner …

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EAs bid for Take Two the story so far

As the countdown to Take Two’s annual investors’ meeting begins, it’s a timely opportunity to look back on just why EA’s $2 billion bid for the company has come to dominate the headlines of the global games business press this year. It all kicked off on February 24th, when EA …

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Take Two investor sues over EA bid rejection

According to Kotaku , a Take Two shareholder has filed a class action suitalleging thatthe circumstances surrounding the publisher’s refusal to sell to Electronic Arts were fiscally irresponsible. Take-Two disclosed the news in a filing to the Securities Exchange Commission. The stockholder, Michael Maulano, filed the complaint on April 11th …

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