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Video Game Company Makes Bid for Rival

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Video Game Company Makes Bid for Rival

Technology

Video Game Company Makes Bid for Rival

Video Game Company Makes Bid for Rival

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  • <iframe src="https://www.npr.org/player/embed/19333959/19333935" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Video games raked in more than $8.5 billion in U.S. sales last year. The company Electronic Arts wants to remain the leader of the fast-growing industry, so it's trying to buy a big rival, Take-Two — the company behind the popular game Grand Theft Auto.

Electronics Arts is offering $2 billion, but on Friday, Take-Two said forget about it. Electronics Arts is now launching a hostile bid — it's going straight to Take-Two shareholders, hoping they'll overrule the board.

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