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Seeking Alpha (Free subscription) | 07/22/2008
Tech Confidential submits: For the fifth time in four months, Electronic Arts Inc. (ERTS) has extended its $25.74 per share tender offer for Take-Two Interactive Software Inc. (TTWO). A spokesman for the video game maker stresses that the latest move is not an expression of renewed interest but just a necessary step to allow the review process to continue. Take-Two, meanwhile, says it is continuing...
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San Fransisco Chronicle (Free subscription) | 07/21/2008
Video game publisher Electronic Arts Inc. has again extended the deadline for its $2 billion tender offer to buy smaller rival Take-Two Interactive Software Inc. The offer now is scheduled to end at 11:59 p.m. EDT on Aug. 18, an extension from this past...
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Market Watch (Free subscription) | 07/21/2008
NEW YORK (MarketWatch) -- Take-Two Interactive Software Inc. maintained on Monday its recommendation that shareholders should not tender their shares to Electronic Arts , which extended its tender offer for the fifth time earlier in the day. "We are fully engaged in a formal process to evaluate strategic alternatives that have the potential to deliver greater value than EA's inadequate offer," said...