Electronic Arts has once again extended the deadline for its buyout offer for Take-Two Interactive's shares. While EA's persistence may impress some, Take-Two's own execs aren't as amused. More on this story in the full article.

The comments made by Take-Two CEO Strauss Zelnick about how 2K Sports titles are out-rating EA Sports games in reviews seem to have gotten to EA Sports boss Peter Moore. Peter blogged recently about how competitive their line-up is and he spoke of how franchises like NBA Live will put on a ground-breaking show when E3 2008 comes. More details in the full article.

EA Sports or 2K Sports? Although EA Sports has the advantage in the number of their franchises, Take-Two head Strauss Zelnick believes that 2K Sports still "outrate[s] them significantly." Quite a claim. More in the full article.

Whoa momma! Er, I mean... Whoa, big daddy? Meh. Anyway, good news, BioShock fans! Did your heart leap when T2 announced a sequel for the first game? Well, better have a defibrillator ready, looks like there's going to be a third installment! Yep, T2's Zelnick has let slip that BioShock is a trilogy (at the least). More in the full article.

 As expected, stellar sales for Take-Two Interactive's Grand Theft Auto 4 (Xbox 360, PlayStation 3) have powered the company's financial status into the green zone. Serious numbers have been shown in a conference call held by the publisher and BioShock chipped in of good figures. Numbers galore in the full article up ahead.

Finally, authentic and official stats have been revealed by Take-Two Interactive for Rockstar North's smash-hit game, Grand Theft Auto 4 (Xbox 360 and PlayStation 3). These numbers were also accompanied by a few words by Strauss Zelnick. Details in the full article.

Enjoying your copy of Grand Theft Auto IV for the Sony PlayStation 3 and Microsoft Xbox 360? Then good news, as Take-Two are also enjoying GTA IV, but in a completely different way. Needless to say, they're rolling in it.  Check out all the details in the full article, and see how the success of the sandbox game of the century has pretty much led to a stalemate between aspiring takeover agent and potential takeover victim.

It seems like Electronic Arts still won't be getting their hands on the Grand Theft Auto creators any time soon. Despite receiving a newly revised offer, Take Two's Strauss Zelnick criticized EA's actions saying it was once again undervaluing their company. You can read more about what the Take Two chairman had to say in response to EA's offer in our full article.

It's official. The board of directors at Take-Two Interactive has rejected Electronic Arts' offer to purchase the company at US$ 26 per share. According to the statement released by the company, the offer from EA was inadequate due to a number of reasons. To find out more, check out the full article.

Perhaps it's a good thing that the management of Take-Two Interactive took the necessary steps to protect employees in the event of a company buy out. As it is, Electronic Arts has already taken the steps to do so: EA recently made a US$ 2 billion offer to Take-Two shareholders.

More on these developments in the full article after the jump.