EA has in fact Gone Hostile in Take Two Bid

According to various news wires, Electronic Arts has taken their $26 per-share bid directly to Take Two Interactive shareholders. However, the offer is only good till April 11th. EA feels that timing is of the essence as the CEO John Riccitiello stated that, “We are counting on being able to achieve revenue synergies by the holidays.”

Conversely, the Take Two board of directors has repeatedly declined EA’s offers because they feel that it is the wrong price at the wrong time. If EA can acquire the necessary amount of shares for the takeover by April 11th it will be just in time for the release of Rockstar’s GTA IV.