Cupertino, Calif. -- Electronic Arts (EA), the Redwood City-based developer and publisher of video games, said that it has again extended its $2 billion takeover bid for New York-based Take-Two Interactive, though the publisher of Grand Theft Auto remains steadfast in its opposition to the deal. It marks EA's third extension of the offer, which now runs through June 16. So far, only 8% of Take-Two's shares have been tendered. Take-Two CEO Ben Feder said that the unsolicited offer undervalues the company, and "fails to compensate our stockholders" adequately.
http://biz.yahoo.com/bw/080519/20080519005878.html?.v=1
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