Quantcast

Don't have an account? Register Now! Forgot password?

Maximum IT
News

EA Finally Drops Bid to Acquire Take-Two

comment Commentsprint Printemail EmailDeliciousDiggStumbleUponRedditFacebookSlashdot

It doesn't matter that you rarely, if ever, saw Scrappy-Doo get into a fight, because you always knew that given the chance, he'd be ready to throw down no matter who the opponent was. Apparently that same spunkiness doesn't translate into the tech industry. How many times did we hear about Microsoft promising a hostile takeover of Yahoo its demands weren't met? Skip ahead a few months and Microsoft is still Microsoft, while Yahoo is still Yahoo.

Now it's Electronic Arts who is backing down in its hostile takeover bid, who earlier this year took it unsolicited $2 billion bid public for rival game maker Take-Two Interactive, best known for the Grand Theft Auto series. EA tried unsuccessfully to buy Take-Two back in February for $26 per share, and after the offer was refused, EA tried its hand at strong-arming Take-Two with threats of a hostile bid, only to extend the deadline multiple times.

The hostile bid official ended in August, and now one month later, so too has EA's interest in the company. Perhaps Spore is doing better than the Amazon customer reviews would indicate?

COMMENTS
avatarWalMart has a Spore display

WalMart has a Spore display and I looked at the Spore boxes and it says that it's for Mac and Vista. Ha ha ha ha... It's bi sexual.. LoL.. just a tid bit..

 

I wonder how much money EA spent trying to buy Take2? What a waste.

Login or register to post comments

This Month's Issue
FEATURE How to Get FREE Programs, Services, Software & MoreFEATURE Digital Photo Printer RoundupHOW TOBuild a 3D CameraFEATUREDIY Arcade PCWHITE PAPERHow TRIM Works