On this week's edition of America's Greatest Business Rivals, we threw a curve ball. We took a look at Electronic Arts versus Take-Two Interactive, despite Electronic Arts' offer to buy Take-Two for $25.74 per share or $2 billion.
I know, I know... if you're a gamer, you think the real rivalry exists between Activision Blizzard and Electronic Arts, but, if the deal doesn't go through, will they become stronger competitors? The deal is set to expire at midnight this evening.
At this point, the deal is off the table according to Take-Two, although over the weekend Take-Two agreed to show some private presentations of non-public information to Electronic Arts. Almost everyone I talk to says Take-Two would like to do a deal, but feels they deserve a richer premium. See what Matt Vella of BusinessWeek and Michael Pachter of Wedbush Morgan Securities had to say about that and the future of gaming for both companies.
aboutthis blog
Alexis Glick is an anchor for FOX Business Network. Prior to joining FOX, Glick served as a correspondent for the Today Show and co-anchored the third hour of that program. Before her stint at NBC News, she was the senior trading correspondent for CNBC and reported from the floor of the New York Stock Exchange.
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