<img title="Image: http://www.myvivvo.com/thumbnail.php?file=taketwo_electronicarts_750532433.jpg&amp;size=article_medium" src="http://www.myvivvo.com/thumbnail.php?file=taketwo_electronicarts_750532433.jpg&amp;size=article_medium" alt="Electronic Arts extends Take-Two offer deadline">
										
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								<span>PHILADELPHIA (Reuters) - Electronic Arts Inc (ERTS.O) said on
 Monday it extended by one month its $2 billion hostile offer to acquire
 rival video game maker Take-Two Interactive Software Inc (TTWO.O).<br><br>EA,
 whose unsolicited bid for the publisher of last month's blockbuster 
"Grand Theft Auto IV" video game expired at 11:59 p.m. on Friday, said 
the offer would expire on June 16, extended from the previous deadline 
of May 16.<br><br>EA said about 6.2 million shares, or about 8 percent, 
of Take-Two had been tendered in the offer. Take-Two has rejected the 
bid, saying it undervalues the company.<br><br>The U.S. Federal Trade 
Commission previously asked for more information about the proposed 
buyout. Extending the tender deadline will allow the FTC's review of the
 proposed deal to continue, EA's senior vice president of EA corporate 
development, Owen Mahoney, said in a statement.<br><br>Additional details were not immediately available.<br><br>Take-Two shares closed Friday at $27.10 on Nasdaq, some 5.2 percent above the $25.74 per share offered by Electronic Arts.</span>
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