Take Two: EA offer was inadequate

Take-Two decided EA’s $2bn offer was "Not in the best interests of its stockholders” and rejected the bid. We believe EA’s unsolicited offer is highly opportunistic and is attempting to take advantage of our upcoming release of Grand Theft Auto IV, one of the most valuable and durable franchises in …

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Phil Harrison quits Sony

President of Sony Computer Entertainment Worldwide Studios Phil Harrison will resign as of February 29, 2008. Kazuo Hirai, President and Group CEO of SCEI, will immediately assume responsibilities as president of SCE WWS, in addition to his current duties. As one of the founding members of SCE, Phil played a …

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EA offers to buy Take Two for $2bn

Electronic Arts has made public an offer to acquire rival publisher Take Two for around $2bn, revealing that the two have been in talks to merge, although the GTA publisher has so far spurned EA’s advances. The all cash merger has been proposed by EA CEO John Riccitiello at $26 …

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Riccitiello to Zelnick – that letter in full

Following on from the news that EA would like to buy Take Two, we’re publishing in full the letter from Electronic Arts CEO John Riccitiello to Take Two exec chairman Strauss Zelnick outlining why the merger would be beneficial to all: February 19, 2008 Mr. Strauss ZelnickExecutive Chairman of the …

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GDC08 Round Up

Want to catch up on what happened at the 2008 Game Developers Conference? Develop was on hand throughout the event to cover the key sessions and breaking news. Here's a round-up of all our headlinesâ?¦

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