• .
  • Video Games
  • Sports
  • Movies
  • Electronics
  • Contests

Daily Game

Video Game News and Reviews, Sports, 3D Blu-ray and Electronics

  • Video Games
  • Sports
  • Movies
  • Electronics
  • Contests
  • Free Games
  • Write For Us
  • Advertise
You are here: Home / Videogames / PS2 / EA Offers $2 Billion to Buy GTA IV, BioShock 2

EA Offers $2 Billion to Buy GTA IV, BioShock 2

February 24, 2008 by Sara Leave a Comment

Electronic Arts has offered $2 billion cash to purchase Take-Two Interactive, the publisher of GTA IV, the Civilization franchise and the inevitable BioShock 2.

According to Bloomberg News, Electronic Arts took its $26-per-share offer to Take-Two’s investors after Take-Two’s board rejected the offer on February 22. EA apparently made its offer on February 15, making the offer 64 percent higher than Take-Two’s closing stock price on that day.

EA’s offer to purchase Take-Two is timed impeccably well, with Rockstar set to release Grand Theft Auto IV on April 29 for both the Xbox 360 and PS3. Take-Two is the publisher of all Rockstar games. Although GTA IV is destined to make money hand over fist, however, Take-Two hasn’t reported an annual profit since 2005, according to the Bloomberg report.


Electronic Arts apparently approached Take-Two in December 2007, when EA indicated it would like to complete an acquisition after GTA IV’s release and before the end of the summer. Although this seems like odd timing (pre-GTA IV), it would still enable EA to capture revenues from the fall and holiday shopping seasons.

Such timing, if EA’s acquisition of Take-Two is approved, would also put the company in position to capitalize on revenues from BioShock 2. Although a sequel to the outstanding 2007 RPG/FPS hasn’t been confirmed, Take-Two will inevitably develop and publish one, considering the commercial and critical success of the first BioShock.

EA’s offer for Take-Two follows the company’s acquisition earlier this year of BioWare/Pandemic. The fruits of that acquisition have already been borne, as EA announced it plans to publish a PC version of Mass Effect, which was previously an Xbox 360 exclusive rle-playing game.

Filed Under: PS2, PS3, PSP, Wii, Windows, Xbox 360

Join the Conversation

  • Facebook
  • RSS
  • Twitter
  • YouTube

More Articles

Tips for Playing and Succeeding in Online Casino Games

2021 Qatar Total Open: Prediction, Odds, And Analysis

Contest Alert! Win a WD Black D50 Thunderbolt 3 Game Dock

Contest Alert! Win a Razer Wolverine V2 Wired Gaming Controller for Xbox Series X

Best Slots for Ladies to Play on Women’s Day 2021

Benefits of Gaming For Children

Latest Videos

Drones

Top 3 Professional Drones on the Market

Video game

Video Game Tactics Shown Through Video Tutorials

entertainment 60x52 - Justice League

Justice League

game controller

Copyright © 2002-2021 DailyGame