EA Bid Could Sweep Up 2K Boston

Electronic Arts, the world’s largest video game publisher, yesterday said it would push forward with its proposed $2 billion cash takeover of New York-based Take 2 Interactive Software, which owns local game studio 2K Boston (the lead site in the creation of 2007’s award-winning Xbox 360 game Bioshock). The bid of $26 per share represents a 64 percent premium over Take 2’s closing price as of February 15. But the board of Take 2, which is best known for its Grand Theft Auto series, has already rejected the bid once, and chairman Strauss Zelnick said in a statement yesterday that “Electronic Arts’ proposal provides insufficient value to our shareholders and comes at absolutely the wrong time.” Take 2’s Grand Theft Auto IV is scheduled for release on April 29.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/