After Take-Two rebuffed their advances last month, EA is appealing directly to Take-Two's shareholders in an attempted coup of the Grand Theft Auto publisher. From Yahoo! Finance:

NEW YORK (Reuters) - Electronic Arts Inc plans to make a tender offer to acquire all of rival video game publisher Take-Two Interactive Software Inc's outstanding shares for $26 each, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

A spokesman for Electronics Arts was not immediately available.

On February 24 EA made an unsolicited bid of $26 a share, or $1.9 billion, for Take-Two, publisher of the Grand Theft Auto game. Take-Two rejected the bid as inadequate.

Take-Two shares closed up on Wednesday at $24.91 on Nasdaq.