Strauss Zelnick and the rest of the management team at Take Two Interactive have repeatedly argued that Electronic Arts’ $2 billion bid for their company, which valued TTWO shares at more than $25, was too low. They’ve also said that they’ve had plenty of interest from other bidders, who presumably will value the company accurately. Time for them to convince Wall Street: The morning after EA officially walked away from Take-Two, shares opened down 25% and are now trading at $16.31 — below the level they were at prior to the EA bid.
See Also: EA Finally Drops Take-Two Bid, For Now
EA: We Might Be Talking To Take-Two, We Might Not
EA and Take-Two Let Bid Expire, Keep Talking
When Will EA Walk Away From Take-Two? Soon
EA Puts Take-Two In $2 Billion Bear Hug
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