EA’s bid to buy Take-Two turns hostile

Videogame mega-publisher Electronic Arts plans to make a hostile takeover bid against Grand Theft Auto and BioShock publisher Take-Two Interactive.

According to the Wall Street Journal, EA plans “to make a tender offer to acquire all of rival video game publisher Take-Two Interactive Software Inc’s outstanding shares for $26 each.”

Last month EA made an unsolicited bid of $26 a share, or $1.9 billion, for Take-Two, who rejected the bid as inadequate.

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