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Friday, February 29, 2008

Take Two (TTWO) says informal buyer approached them

There was an article in the WSJ a couple of days ago talking about how the management company's compensation package was altered after the company was approached by Electronic Arts. These guys saw a buyer and their compensation package was instantly tripled in the event of a takeover.

I don't trust them. We had informal talks with an unnamed buyer is pretty open-ended and doesn't really leave them on the hook for anything, nor does it discuss price. It's an attempt to manipulate Electronic Arts into paying more. I doubt it works.

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