Electronic Arts, the company famous for for its sports titles and the Need For Speed collection, has been trying buy out its rival game firm Take-Two Interactive.

EA has extended the time line of the offer from 18April to 16 May, as this allows for a Take-Two shareholders meeting to happen, which is currently scheduled at Thursday this week, 24 April.

The fairly hostile takeover is valued at +/- $2billion as EA offered $25.74 per share.

"EA continues to believe that the offer price is full and fair, and that a transaction between Take-Two and EA is the most compelling combination financially, strategically and operationally for all parties," the company said in a statement.

The acquisition offer for Take Two and its' subsidiaries which include Rockstar Games, was first rumoured in March this year. Take Two rejected it 10 days later calling the offer "inadequate".

EA took its appeal directly to shareholders, turning the takeover bid hostile. EA claims to have secured 6,432,787 shares of Take Two.

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