I feel like I’ve said this before, but here it goes again: Electronic Arts has extended their buyout offer to Take-Two Interactive — again — until July 18th. Just as before, EA hasn’t raised their offer above $2 billion, saying that despite GTA IV printing money, “reflects a full and fair price based on the long-term value of Take-Two’s entire operation.”

Oi.

Naturally, Take-Two has once again rejected the offer, issuing a press release urging shareholders to not give in to EA.

The latest extension of EA’s unsolicited, highly conditional tender offer does not alter the fact that their proposal still significantly undervalues Take-Two, a fact that is reflected in the overwhelming number of stockholders who still have not tendered their shares… Our Board of Directors remains in unanimous agreement that the proposal is contrary to the best interests of Take-Two stockholders, and the Board continues to recommend that stockholders not tender their shares to EA. The Board remains focused on the strategic process that began formally on April 30 to consider all alternatives to maximize value. We believe that these alternatives, which may include a business combination or remaining independent, will deliver greater value to stockholders than the current EA offer.

Honestly, it’s hard to get up in arms over this EA/Take-Two drama at this point. Many gamers, including myself, are just burned out on the whole ordeal.

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