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Take-Two Interactive Software, Inc. Responds to Electronic Arts' Fifth Extension of Tender Offer

Take-Two Interactive Software, Inc. today responded to Electronic Arts Inc.'s announcement that it is extending for a fifth time its unsolicited conditional tender offer to acquire all of Take-Two's outstanding shares.

As reported by EA, only 11,741,339 of Take-Two's outstanding shares, or approximately 15% of the total, tendered into EA's offer as of 5:00 p.m. Eastern time on July 18, 2008.

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Tempist3503d ago

5th Extension? Seriously? At this time I think the mental well being of EA executives should be called into question. This is getting out of hand, wasting people's time and money.