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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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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