Though we’ve had all eyes on the acquisition arm-wrestle between Electronic Arts and Take-Two ever since EA’s bid went public on February 25th, things could start getting yet more interesting from here on out. Recall that Take-Two Board chairman Strauss Zelnick’s been stonewalling EA, refusing to even discuss a possible combination until April 30th, after GTA IV‘s release. Well, then now could be the time, right?
As of press time today, Take-Two is worth more per share than Electronic Arts is offering to pay for it — at times approaching a whole dollar per share higher than EA’s acquisition bid. Though Take-Two’s been trading consistently at or above $26 since April 23rd, it’s the highest the share price has been since that week in February when the buyout was initially announced.
