Monday, February 25, 2008

Electronic Arts could try to replace Take-Two board to get deal done - report

Electronic Arts, the listed, Redwood City, California-based video game maker whose USD 2bn offer for Take-Two was rejected, could try to replace the board, reported the New York Times. Take-Two is a listed New York-based developer, marketer, distributor and publisher of interactive entertainment software games and accessories.
The unsourced portion of an article looking at the deal, reported that Electronic Arts could opt to launch a proxy contest to replace Take-Two's board to get a deal done. According to the report, Electronic Arts' chief executive John Riccitiello will have to convince investors to accept the offer over the next several weeks as well as convince employees that Electronic Arts will respect the independence of Take-Two's game developers.


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