Hostile Takeover?

Remember Grand Theft Auto? I mean the game which was played by many on various platform from PC right up to Microsoft's Xbox 360. Oh yes, the game was created by Rockstar and Take Two Interactive. Right now, Electronic Arts, well known for producing games like Need For Speed, is thinking of buying over Take Two Interactive.

The board of directors from Take Two have been convincing shareholders not to accept the bid price from EA (at $26 a share) because the company's value is far greater than that price. Sometimes, I do understand why the board of directors from Take Two Interactive is doing that. They are doing good. Their stock prices are steady for these few years and it is on the rise after the last Grand Theft Auto game was released.

EA wants to buy over Take Two Interactive so that they will be able to get the slice of the market from selling GTA games. Sometimes it is not good to sell off the company because the company (TTI) has many upcoming plans and it is now doing very well. If they do sell it now, I don't think shareholders of TTI is going to be happy because the company worth more than $26 a share. Oh well, we will have a look at it then.