Take-Two Opens Doors to Third-Party Publishers

Take-Two has opened it's company to third-party offers today, since it has been receiveing interest from a number of third-parties. Earlier, their board of directors dismissed Electronic Arts' offer until after the release of Grand Theft Auto IV on April 29, 2008.

"The board has commenced a process for considering strategic alternatives in order to be prepared to engage in discussions with any parties, including EA, interested in a strategic business combination following Take-Two's release of Grand Theft Auto IV," said the company in a statement.

"The company has received indications of interest from third parties with respect to possible business combination transactions involving the company since EA's announcement, but no substantive discussions have yet occurred," detailed Take-Two.

"Our Board, after careful review, has unanimously determined that Electronic Arts' offer continues to provide insufficient value and remains opportunistically timed to capture the value of the upcoming Grand Theft Auto IV launch at the expense of our stockholders," said Zelnick.

"We are effectively working toward a process to review all available options to maximise this value, either as an independent company or in combination with a third party, and are open to beginning informal discussions starting now.

"Our stockholders' interests would hardly be served by accepting an offer from EA at the wrong price and the wrong time," he added.

I don't know what your thinking, but I'm thinking Sony should try and get at this deal, if Take-Two allows them.

[Take-Two opens door to third-party offers]