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Videogames: EA pursues Take-Two; Credit cards: Visa’s IPO could break records; Banking: UBS sued over subprime bonds; Bonds: Rates soar as auctions fail; Software: Microsoft lifts the veil

Videogames: EA pursues Take-Two

Videogame maker Electronic Arts this week renewed its pursuit of Take-Two Interactive Software, said Benjamin Pimentel in Marketwatch.com. EA bid $2 billion, or $26 a share, for its rival. The move follows Take-Two’s rejection of a $25-a-share bid from EA in mid-February. Although EA hinted strongly that it “was prepared to take more aggressive steps to merge the two firms,” Take-Two’s board swiftly rejected the latest offer. EA is known for sports videogames such as Madden NFL, while Take-Two distributes the lucrative Grand Theft Auto series.

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