EA offers $2 billion for Take-Two

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Breaking News: Electronic Arts have offered $2 billion to Take-Two, another game publisher that has the “Grand Theft Auto” series in it’s portfolio, according to Reuters.

The $26-per-share offer represents a 50% premium to Take-Two’s closing price of $17.63 on Friday. This will see games like the mentioned Grand Theft Auto series with Maddern and Need for Speed.

Earlier this month, a source told Reuters that the media conglomerate, Viacom, was in talks to buy the company and had offered $1.5 billion.

It’s proposal to acquire the company, which was sent as a letter on February 19, was however rejected by the board but it will be taking the deal to all of its shareholders.

This is expected to become a rival to the Blizzard-Activision merger, who merged in an $18 billion deal, six times the proposed amount.

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