2.24.2008

EA Makes Another Proposal

Electronic Arts has made a third bid to buy-out rival Take-Two.

The maker of such titles as State of Emergency, Manhunt, and Bully has continually rejected EA's bids at takeover. The latest bid from EA is $26 per share - a total of just over $2 billion.

Concern in the industry is mounting, as EA made several prominent buy-outs last year, including a buy-out of BioWare, publisher of such titles as Neverwinter Nights, Mass Effect, and Star Wars: Knights of the Old Republic.

If EA succeeds in its takeover of Take-Two, it will own the publishing rights to one of the industry's most lucrative - and controversial - franchises: Grand Theft Auto.

Source: Kombo.com

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