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Friday, November 21st, 2008
articles.php?which=AndYourMomSaidThatPlayingAroundWithThoseVideoGamesWouldNeverAmountToAnything
And Your Mom Said That Playing Around With Those Video Games Would Never Amount To Anything.

So, the new Grand Theft Auto video game is pretty amazing—so much so that it got gamers in a downright lather when it was released in April. But is it $2 billion good? The game's maker, Take-Two Interactive Software, seems to think so. They turned down an unsolicited bid for that amount from competitor Electronic Arts today.

While Take-Two reported $98.2 million second-quarter profit this year, a year prior, the company lost $51.2 million, reports Reuters. Take-Two says that given the success of GTA IV, EA's offer it too low. Take-Two CEO Ben Feder crowed last week that GTA IV, "single-handedly propped up the U.K. economy," after its release this spring.

What do you guys think? Is EA low-balling Take-Two (and yes, I realize that it's vaguely insane to call a $2 billion offer low-balling)?

Nico

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