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Take-Two In Talks With Ubisoft
JUNE 10, 2008 • While Take-Two Interactive’s board of directors holds out for a better cash offer from Electronic Arts, Forbes magazine speculated that the former is negotiating with another takeover suitor: Ubisoft. During a June 5 financial conference call, Take-Two chairman Strauss Zelnick admitted he had held discussions with other interested parties. Ubisoft declined to comment. Impact: Ubisoft has a better reputation for working with acquired st…..
Take-Two Rejects EA
FEB. 24, 2008 • Take-Two Interactive rejected a $2 billion ($26 per share) acquisition offer from Electronic Arts. The offer was 64% higher than the Feb. 15 closing price. EA had previously offered $25 per share. Take-Two’s board of directors rejected the tender by arguing the offer undervalued the pu…..
Take-Two Stock Trades Lower
AUG. 3, 2007 • Towards the end of July, Take-Two Interactive (NASDAQ: TTWO) stock was trading around $20. The stock slowly started dropping during the last week of the month until the news officially hit on August 2. Take-Two shares dropped more than 13% – down $2.17 to $14.74 – in trading …..
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