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Take-Two Interactive Software Board Rejects Electronic Arts’ Offer As Inadequate

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Recommends Stockholders Not Tender Shares at $26 a Share

Company to Begin a Review of Strategic Alternatives After Release of Grand Theft Auto IV

Company’s Presentation at Bank of America Conference on March 26th at 2:40 pm ET to be Webcast

New York, NY— March 26, 2008 —The Board of Directors of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that it has thoroughly reviewed Electronic Arts Inc.’s (NASDAQ: ERTS; “EA”) unsolicited conditional tender offer with the assistance of its financial and legal advisors and unanimously determined that the $26.00 per share cash offer is inadequate in multiple respects and contrary to the best interests of Take-Two’s stockholders. Accordingly, the Board recommends that stockholders not tender any of their shares to EA. The basis for the Board’s unanimous decision is set forth in Take-Two’s Schedule 14D-9 filed today with the Securities and Exchange Commission.

Take-Two also announced today the following actions:

Filed a Solicitation / Recommendation Statement on Schedule 14D-9 with the SEC containing the Board’s unanimous recommendation that stockholders reject Electronic Arts Inc.’s offer of $26.00 net per share in cash as being inadequate and not in the best interests of stockholders

Filed a supplement to the proxy statement with the SEC to moot any claims alleged in a class action lawsuit that the proxy statement was misleading and incomplete

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Majesco Entertainment And Interactive Game Group Bring Humongous’ Best-Selling Children’s Properties To Wii In The U.S.

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EDISON, N.J., March 25, 2008 – Majesco Entertainment Company (NASDAQ: COOL), an innovative provider of video games for the mass market, today announced a deal to bring popular Humongous characters Freddi Fish, Pajama Sam and SPY Fox to the Wii system in mid-2008. These games are being produced by Interactive Game Group, LLC, under license from Humongous.

The only strategy game series for kids at all stages of thinking, Freddi Fish, Pajama Sam and SPY Fox are part of the Humongous properties catalog that combined has sold more than 15 million units and received more than 400 awards for quality given its charming characters and great stories. Now Freddi Fish in Kelp Seed Mystery, Pajama Sam in Don’t Fear the Dark and SPY Fox in Dry Cereal integrate the Wii Remote in point-and-click style adventure play that the entire family can enjoy together.

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Famitsu: Sigma Harmonics

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– 60% complete – Hiroki Chiba – director (DoC: FFVII) – Yusaku Nakaaki – character designs (DoC FFVII’s subcharcter and mechanics designer) – Kitase – producer – Adventure RPG …
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Famitsu reviews

6666 Umihara Kawase 7666 SuperLite 2500 Chotto-Aima no Colpile DS 6666 Detective Conan: Tantei Ryoku Trainer

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Facebreaker Interview

How was FaceBreaker born? Could you describe the game in a nutshell to our viewers?

The very first line of thinking was that the game was going to be …
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Amazon Top 10 Software

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01. Super Smash Bros. Brawl—Nintendo (Wii) 02. Crisis Core: Final Fantasy VII*—Square Enix (PSP) 03. Mario Kart w/ Wii Wheel—Nintendo (Wii) 04. Wii Play w/ Remote—Nintendo (Wii) 05. …
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SEGA Monster System Games Go For $4 On VC
18 years ago

SEGA Monster System Games Go For $4 On VC

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According to Gamespot the new addition to the VC, “Monster System” will be selling for a price of $4, which makes it the cheapest VC yet. Also the …
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Wired-Coverage Wrapup: Why WiiWare Needs Work

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WiiWare is off to an okay start, but it’s going to need some work if Nintendo wants to compete with Xbox Live Arcade.I think it’s fine that the quality of …
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GameDaily: Six Reasons Fanboys Suck
18 years ago

GameDaily: Six Reasons Fanboys Suck

 

Welcome to Fandom Mania

Fanboys are strange little creatures that obsess over some form of media or corporation, so much so that they blindly defend …
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Teachers’ Union slams violent games

The Cambridge University study, produced for the National Union of Teachers (NUT), found poor standards of behaviour was one of the biggest causes of stress and extra work for school …
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