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Empresas y finanzas

EA Extends Expiration Date for Take-Two Offer to June 16, 2008


    Electronic Arts Inc. ("EA")

    (NASDAQ:ERTS) announced today that it has extended its tender offer for

    all of the currently outstanding shares of common stock (including the

    associated preferred stock purchase rights) of Take-Two Interactive

    Software Inc. ("Take-Two")

    (NASDAQ:TTWO) to 11:59 p.m., New York City time, on Monday, June 16

    2008, unless further extended. The tender offer was previously set to

    expire at 11:59 p.m., New York City time, on May 16, 2008.
    "Extending our offer will allow the FTC review

    process to continue," said Owen Mahoney

    Senior Vice President of EA Corporate Development. "EA´s

    offer price remains unchanged at $25.74 per share and our offer is still

    subject to conditions that include regulatory approval. As stated

    earlier, we retain the right to terminate the offer if the conditions

    are not satisfied."
    As of 5:00 p.m., New York City time, on Friday, May 16, 2008

    approximately 6,210,261 shares of Take-Two had been tendered in and not

    withdrawn from the tender offer.
    Additional Information and Where to Find It
    This press release is neither an offer to purchase nor a solicitation of

    an offer to sell securities of Take-Two. The offer to purchase or

    solicitation of offers to sell is being made pursuant to a Tender Offer

    Statement on Schedule TO (including the Offer to Purchase, Letter of

    Transmittal and other related offer documents) filed by EA and EA08

    Acquisition Corp. with the Securities and Exchange Commission, or SEC

    on March 13, 2008. Before making any decision with respect to the offer

    Take-Two stockholders are advised to read these documents, as they may

    be amended or supplemented from time to time, and any other documents

    relating to the tender offer that are filed with the SEC carefully and

    in their entirety because they contain important information, including

    the terms and conditions of the offer. These documents may be obtained

    at no charge by directing a request by mail to Georgeson, Inc., 199

    Water Street, 26th Floor, New York, NY 10038

    or by calling toll-free at (800) 213-0473, and may also be obtained at

    no charge at the website maintained by the SEC at http://www.sec.gov.
    About Electronic Arts
    Electronic Arts Inc. (EA), headquartered in Redwood City, California, is

    the world´s leading interactive entertainment software company. Founded

    in 1982, the Company develops, publishes, and distributes interactive

    software worldwide for video game systems, personal computers, cellular

    handsets and the Internet. Electronic Arts markets its products under

    four brand names: EA SPORTSTM, EATM

    EA SPORTS FreestyleTM and POGOTM.

    In fiscal 2008, EA posted GAAP net revenue of $3.67 billion and had 27

    titles that sold more than one million copies. EA´s homepage and online

    game site is www.ea.com. More

    information about EA´s products and full text of press releases can be

    found on the Internet at http://info.ea.com.
    Forward Looking Statements
    Some statements set forth in this communication, including those

    regarding EA´s offer to acquire Take-Two and

    the expected impact of the acquisition on EA´s

    strategic and operational plans and financial results, contain

    forward-looking statements that are subject to change. Statements

    including words such as "anticipate", "believe", "estimate" or "expect" and statements in the future tense are forward-looking

    statements. These forward-looking statements are subject to risks and

    uncertainties that could cause actual events or actual future results to

    differ materially from the expectations set forth in the forward-looking

    statements. Some of the factors which could cause results to differ

    materially from the expectations expressed in these forward-looking

    statements include the following: the possibility that EA´s

    offer to acquire Take-Two will not be consummated; the possibility that

    even if EA´s offer is consummated, the

    transaction will not close or that the closing may be delayed; the

    effect of the announcement of the offer on EA´s

    and Take-Two´s strategic relationships

    operating results and business generally, including the ability to

    retain key employees; EA´s ability to

    successfully integrate Take-Two´s operations

    and employees; general economic conditions; and other factors described

    in EA´s SEC filings (including EA´s

    Annual Report on Form 10-K for the year ended March 31, 2007 and

    Quarterly Report on Form 10-Q for the quarter ended December 31, 2007).

    If any of these risks or uncertainties materializes, the offer may not

    be consummated, the acquisition may not be consummated, the potential

    benefits of the acquisition may not be realized, EA´s

    and/or Take-Two´s operating results and

    financial performance could suffer, and actual results could differ

    materially from the expectations described in these forward-looking

    statements.
    All information in this communication is as of the initial date on which

    this communication was released. EA undertakes no duty to publicly

    update any forward-looking statement, whether as a result of new

    information, future developments or otherwise.