Following the $2 billion offer from Electronic Arts (EA) that was rejected, it is rumored that Take-Two have received additional offers for the sale of the company.

It appears that interest in the Take-Two Company has been aroused by the publicity surrounding EA's $2 billion offer. Although no additional formal offer has been reported, it seems that some interest has been shown in the company and that informal approaches appear to have been made.

The EA offer was rejected as Take-Two believe it to underestimate the company's true value. It seems that Take-Two preferred to keep channels open, but to wait for any talks until after the release of the Grand Theft Auto new title that is scheduled for April this year.

In a declaration by Take-Two on 24 February, it was stated that "After careful evaluation, the Board has determined that EA's proposal substantially undervalues Take-Two's robust and enviable stable of game franchises, exceptional creative talent and strong consumer loyalty. We believe EA's unsolicited offer is highly opportunistic and is attempting to take advantage of our upcoming release of Grand Theft Auto IV, one of the most valuable and durable franchises in the industry. Furthermore, the offer values the Company at a significant discount to its public peers and does not compensate Take-Two for its intrinsic value and the substantial synergies that the proposed combination would create."

Chief Executive Officer of Take-Two, Ben Feder commented in the same statement that "We remain committed to executing our existing business strategy and turnaround plans and to building value for all of our stockholders. We intend to vigorously resist any attempt by EA to acquire Take-Two at a price that does not adequately value our Company and its growth opportunities."

It remains to be seen what will be the outcome of this issue. However it does appear that any dramatic occurrences will not take place before the new release in April.