EA attempts hostile takeover of Take-Two

Raise your hand if you wish EA would just leave Take-Two Interactive alone. You can all put your hands down now, I can't see them anyway. EA has apparently abandoned their nice-guy strategy and even their strong-arm tactics, instead they are going for an all-out hostile takeover.

I really wish that I were joking or exaggerating, but alas, I am not. Essentially what EA is doing now is bypassing the Take-Two directors and going straight to the shareholders. They have offered to purchase all outstanding shares of Take-Two for $26 each.

I'm sorely disappointed in EA for this move, and really hope that the shareholders place their faith in the Take-Two directors. I'd really hate to see this company assimilated in such a fashion.

[via Gamasutra]