Plugged In

Take-Two holding firm against EA

Take-Two Interactive’s board of directors continued to urge shareholders to refrain from selling stock to rival publisher Electronic Arts this week, with chairman Strauss Zelnick calling EA’s offer of $26 per share “inadequate” and “contrary to the best interests of Take-Two’s shareholders.”

With the release of Take-Two cash cow “Grand Theft Auto IV” a little over a month away, I wouldn’t be surprised to see EA make one last-ditch effort to acquire Take-Two and reap the benefits of “GTA IV.” As always, we’ll keep you updated on the latest developments.