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EA Extends, Lowers Take-Two Offer

EA extends Take-Two bid to May 16 (thanks Dagok) has word that after having their $26/share offer rejected by the Take-Two board, they are playing hardball by extending the offer deadline to May 16 and reducing the offer by 26 cents/share, perhaps thinking the original offer was turned down by 92% of the Take-Two board because it was too high. Meanwhile, Take-Two’s Managers Get a Raise (thanks Mike Martinez) has word on new salaries and poison pills enacted at yesterday's board meeting that will need to be dealt if this deal is ever to be consummated.