EA extends bid for Take-Two, is rejected again

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http://uk.reuters.com/article/techno...media-telco-SP

NEW YORK (Reuters) - Video game publisher Electronic Arts Inc (ERTS.O: Quote, Profile, Research) on Tuesday again extended its $2 billion takeover offer for smaller rival Take-Two Interactive Software Inc (TTWO.O: Quote, Profile, Research), but Take-Two again rejected the bid as too low.

EA, publisher of blockbuster games such as "Madden" and "Need For Speed," said it extended the $25.74-a-share offer to July 18 from June 16.

Take-Two, publisher of "Grand Theft Auto," said its board continues to recommend that shareholders not tender their shares to EA, which launched its bid in February.

About 6.14 million shares of Take-Two have been tendered in the offer, which Take-Two said represents just 7.9 percent of the total.

[Agent]

Good.

[Marcos]