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The industry has been buzzing today following the announcement of two large developments concerning two of the largest companies within it. First off is the confirmation that Take-Two (known for their controversial, yet hugely popular Grand Theft Auto series) received a takeover bid from Electronic Arts of two billion dollars which was subsequently rejected due to ‘undervaluation.’ Strauss Zelnick, the head honcho at Take-Two stated:
“Electronic Arts’ proposal provides insufficient value to our shareholders and comes at absolutely the wrong time given the crucial initiatives underway at the Company. Thanks to the extraordinary efforts of our creative and business teams, Take-Two has made enormous strides in the past ten months toward our common goal of being the most creative, innovative and efficient company in our industry.” It’s big news and indicates the wealth currently in the industry. Anyone who’s interested of Electronic Arts’ perspective should head over to http://www.eatake2.com. If that wasn’t a big enough bombshell for you then you’d better hold onto your hats. Sony proclaimed today that Phil Harrison, the face of Playstation will resign come the 29th February. Harrison joined Sony back in 1992 and has created the brand into the juggernaut is today. Kazuo Hirai, the President of SCEI said; “As one of the founding members of SCE, Phil played a key role in the development and growth of the Playstation business and our industry. It is sad to see him departing from SCE, but I wish to express my gratitude for his many invaluable contributions and also wish Phil the very best of luck in his future endeavours.”
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