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EA/Take-Two Deadline Extended Again

EA-Take Two deadline passes on MCV reminds us that yesterday was the second deadline for EA's takeover bid for Take-Two Interactive, which once again passed without incident. Undeterred, this press release (thanks Gamer's Hell) announces EA has extended their offer for another month, until July 18, and contrary to some indications, they have not chosen to sweeten the offer at all. Take-Two has not wasted any time in reacting, issuing this response, saying this continues to undervalue their company, as evidenced by the number of shares EA has so far collected under the offer, approximately 7.9%, more than a little short of a controlling interest.

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