Take Two reaffirms stance on EA’s proposed takeover

Take Two reaffirms stance on EA’s proposed takeover
James Orry Updated on by

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During a conference call with investors following its Q1 2008 financial results, Take Two once again expressed its feelings towards EA’s unsolicited offer for the company.

Chairman Strauss Zelnick explained that the $26 per share offer undervalued the company and did not compensate Take Two shareholders for the benefits Take Two would bring to EA should the acquisition go ahead.

Zelnick also reeled off sales figures for its top IPs. Leading the way by a huge margin is Grand Theft Auto with 66 million units, followed by Midnight Club’s 11.5 million, Civilization’s 8 million, Max Payne’s 7 million, Mafia’s 2 million and BioShock’s 2 million. Red Dead Revolver, Manhunt and Bully stand at 1.5 million units a piece, while Carnival Games is approaching 1 million.