Take Two board rejects EA’s offer, mergers before GTA IV release

The board of directors of Take-Two has once again dismissed EA’s offer and termed it “inadequate in multiple respects.” But it remains open to other possibilities like a merger with a third party or EA. It has advised the company’s shareholders not to offer their shares to EA.

The board has ruled out the possibility of any mergers before the release of GTA IV (April 29, 2008). However, before the game’s release, it is ready to…