New York, NY— May 19, 2008 — Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today responded to Electronic Arts Inc.’s (NASDAQ:ERTS) announcement that it is extending for a third time its unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares.
As reported by EA, only 6,210,261 of Take-Two’s outstanding shares, or approximately 8.0% of the total, tendered into EA’s offer as of 5:00 p.m. Eastern time on May 16, 2008.
REDWOOD CITY, Calif.–(BUSINESS WIRE)–May 19, 2008–Electronic Arts Inc. (”EA”) (NASDAQ:ERTS) announced today that it has extended its tender offer for all of the currently outstanding shares of common stock (including the associated preferred stock purchase rights) of Take-Two Interactive Software Inc. (”Take-Two”) (NASDAQ:TTWO) to 11:59 p.m., New York City time, on Monday, June 16, 2008, unless further extended. The tender offer was previously set to expire at 11:59 p.m., New York City time, on May 16, 2008.
“Extending our offer will allow the FTC review process to continue,” said Owen Mahoney, Senior Vice President of EA Corporate Development. “EA’s offer price remains unchanged at $25.74 per share and our offer is still subject to conditions that include regulatory approval. As stated earlier, we retain the right to terminate the offer if the conditions are not satisfied.”
Washington, DC – May 19, 2008 – The Honorable Rick Perry, Governor of Texas, will speak at the 2008 E3 Media & Business Summit on Wednesday, July 16, the Entertainment Software Association (ESA) announced today. In addition, the ESA today released the official Summit exhibitor list, stating that the event’s exhibit space is expected to sell out shortly. The 2008 E3 Media & Business Summit, an invitation-only event hosted by the ESA, will be held at the Los Angeles Convention Center from July 15-17, 2008.
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