{"id":4689,"date":"2008-08-18T16:01:36","date_gmt":"2008-08-18T23:01:36","guid":{"rendered":"http:\/\/www.dfcint.com\/dossier\/?post_type=news&#038;p=4689"},"modified":"2013-03-15T21:13:40","modified_gmt":"2013-03-16T04:13:40","slug":"ea-cancels-take-two-bid","status":"publish","type":"post","link":"https:\/\/www.dfcint.com\/dossier\/ea-cancels-take-two-bid\/","title":{"rendered":"EA Cancels Take-Two Bid"},"content":{"rendered":"<div id=\"attachment_6477\" style=\"width: 410px\" class=\"wp-caption alignleft\"><img aria-describedby=\"caption-attachment-6477\" loading=\"lazy\" class=\"size-full wp-image-6477 \" alt=\"EA has called off its take-over attempt of Grand Theft Auto publisher Take-Two.\" src=\"http:\/\/www.dfcint.com\/dossier\/wp-content\/uploads\/2008\/08\/gtav-S.jpg\" width=\"400\" height=\"225\" \/><p id=\"caption-attachment-6477\" class=\"wp-caption-text\">EA has called off its hostile take-over attempt of Grand Theft Auto publisher Take-Two.<\/p><\/div>\n<p>AUG. 18, 2008 \u2022 After months of active pursuit, Electronic Arts canceled its hostile $2 billion takeover bid of Take-Two Interactive. Executives of both firms continue to negotiate though. Take-Two executive chairman Strauss Zelnick has agreed to share its three-year product pipeline and financial forecasts to EA to further discussions.<\/p>\n<p><span style=\"color: #3366ff;\" data-mce-mark=\"1\"><em>Impact: As soon as Electronic Arts withdrew its hostile tender offer, Take-Two was quick to indicate it is still very much in &#8220;lets talk&#8221; mode.\u00a0 A company will generally resist a hostile takeover as much as possible because such a buyout does not let them negotiate their own terms.\u00a0 Of course, Take-Two will want to talk with all possible suitors.\u00a0 The problem is Grand Theft Auto IV is out and selling, and after the cancellation of the tender offer, Take-Two&#8217;s shares were still trading slightly less than the initial $26 offered by EA.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUG. 18, 2008 \u2022 After months of active pursuit, Electronic Arts canceled its hostile $2 billion takeover bid of Take-Two Interactive. Executives of both firms continue to negotiate though. Take-Two executive chairman Strauss Zelnick has agreed to share its three-year product pipeline and financial forecasts to EA to further discussions. Impact: As soon as Electronic [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/posts\/4689"}],"collection":[{"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/comments?post=4689"}],"version-history":[{"count":5,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/posts\/4689\/revisions"}],"predecessor-version":[{"id":6475,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/posts\/4689\/revisions\/6475"}],"wp:attachment":[{"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/media?parent=4689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/categories?post=4689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dfcint.com\/dossier\/wp-json\/wp\/v2\/tags?post=4689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}