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Business Briefing / VIDEO GAMES

EA extends its Take-Two offer

July 22, 2008|From Times Staff and Wires

Video game publisher Electronic Arts Inc. has again extended the deadline for its $2-billion tender offer to buy smaller rival Take-Two Interactive Software Inc.

The offer now is set to end Aug. 18 at 11:59 p.m. Eastern Daylight Time, an extension from July 18. EA said it needed more time to allow regulators to continue their review.

EA is trying to buy Take-Two, best known for its Grand Theft Auto series, for $25.74 a share, or about $2 billion. Take-Two has repeatedly rejected the offer as too low.

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