Brian Garrity of the New York Post reports: "Electronic Arts isn't ruling out going hostile with its $2 billion bid for rival videogame publisher Take-Two Interactive - even as the company continues to express its desire for a "friendly" deal.
Sources said EA could still pursue other hostile paths that forgo a proxy fight, such as making a tender offer directly to the company's shareholders."
What is a tender offer? It's essentially going directly to investors who own a percentage of a company and offering them a premium, "an offer you can't refuse" type deal at a price higher than their ownership is worth. If EA buys up enough from the individual investors, it could own the majority share in the company. (At least that's my understanding).