[Reuters] EA plans tender offer for Take-Two: source

Posted by: UGN Security

[Reuters] EA plans tender offer for Take-Two: source - 03/13/08 07:21 AM

SAN FRANCISCO (Reuters) - Electronic Arts Inc plans to launch a tender offer for all outstanding shares of rival Take-Two Interactive Software Inc , publisher of "Grand Theft Auto" video games, a person familiar with the matter said, indicating EA's $1.9 billion bid is turning hostile.



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