Electronic Arts on Thursday turned hostile in its $2bn battle to acquire rival video game publisher Take-Two and reap the benefits of one of the industry’s best-selling titles, Grand Theft Auto.
EA, the world’s biggest independent publisher, said it was going directly to Take-Two’s shareholders with its offer of $26 a share, after Take-Two’s management had rejected the bid, and an earlier $25 a share offer, as inadequate.
