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Tech News - August 2008

Grand Theft Auto Sale

August 25th 2008 05:30
Video Game publisher Electronic Arts Inc. is reportedly about to attempt a not-so-hostile takeover of Take-Two Interactive Software Inc., designers of the hit, Grand Theft Auto.

EA has confirmed that they will begin discussion of “strategic alternatives” soon. Take-Two is asking for about $2 billion, which is in the order of $25 per share.

"They are both posturing," said Wedbush Morgan analyst Michael Pachter. "EA is saying 'we want to pay less,' Take-Two is saying they want more. The important thing is that they are talking."

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