Plugged In

EA-Take Two update

Electronic Arts doesn’t appear to be backing down in its attempt to purchase rival publisher Take-Two Interactive.

Weeks after seeing its $2 billion offer rejected by Take-Two, EA has turned its attention to the publisher’s stockholders in an attempt to launch a hostile takeover. According to published reports, EA is offering shareholders the same $26-per-share price that Take-Two turned down in February.

This latest takeover news comes on the heels of Take-Two’s announcement this week of a “BioShock” sequel, tentatively scheduled for release sometime in late 2009.