Take-Two stock rises 50% in pre-trading

By Patrick Garratt, Monday, 25 February 2008 15:34 GMT

Suddenly that EA offer doesn’t sound so hot. On the back of John Riccitiello making public EA’s intentions to buy Take-Two, the target’s share price has rocketed almost 50 percent to $25.90. EA had bid $26 per share, or approximately $2 billion, for the company.

EA announced its plan to buy the firm last night.

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