Tue, Aug 19, 2008 | 16:55 BST
Take-Two to sign with EA
Take-Two says it is expect to sign a confidentiality agreement with EA which will allow “EA to enter into Take-Two’s formal process to evaluate strategic alternatives,” writes CVG.
“We welcome EA into our formal process and look forward to demonstrating to their Board the significant strides made by Take-Two since they last undertook a detailed review of our business in early 2007,” said Strauss Zelnick, chairman of Take-Two
“Our Board remains unwavering in its belief that EA’s unsolicited conditional tender offer of $25.74 per share was inadequate and undervalued Take-Two’s world-class entertainment franchises and our strong operational and financial performance.”
More through the link.
By Mike Bowden
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2 
Posted in: EA, Take-Two, Trade
Tags: Strauss Zelnick
2 comments
#1
SplatteredHouse
19/08/08, 5:22 pm
Should that title be corrected? Take-Two aren’t signing with EA. They’re giving EA access to private details and future plans that they hope will illustrate to EA the degree to which it’s undervalued T2′s business. EA are signing with Take-Two, if anything, but it’s just an NDA.
#2
pjmaybe
19/08/08, 5:24 pm
Yeah, more than a little bit baity, that title