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Article: Take-Two rejects EA bid
- Article from:
- Oakland Tribune
- Article date:
- March 13, 2008
CopyrightCopyright 2008 Oakland Tribune. Provided by ProQuest LLC. (Hide copyright information)
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Take-Two Interactive Software Inc. reiterated its rejection of a
$2 billion buyout bid from rival video game publisher Electronic
Arts Inc. of Redwood City on Wednesday during the release of its
earnings.
The offer is too low, came at the wrong time, and failed to value
Take-Two's "extraordinary creative and human assets," Chairman
Strauss Zelnick said on a conference call with analysts. Take-Two is
best known for its controversial game "Grand Theft Auto IV."
Diamond earnings up
Stockton-based Diamond Foods Inc. reported its fiscal second-
quarter earnings rose to nearly $2.7million, or 17 cents per share,
compared with just over $2 million, or 13 cents a share, in the same
period a year ...