Electronic Arts is not backing down from its $2 billion hostile bid for the publisher of "Grand Theft Auto" even as Take-Two Interactive does what it can to buy more time.  Take Two has delayed its shareholder meeting because they won't to focus on their release of Grand Theft Auto.  It is the newly anticipated Grand Theft Auto IV.  Even though no one is mentioning it, Take Two has to be hoping that the release can breathe some more life into their stock.

The company will not be able to resist the buyout, as EA is the juggernaut of video game companies.  They are claiming that the $26 a share buyout is too low and they want to renegotiate for a higher price.  Take Two has delayed the meetings till after the deadlines set by EA, which is frustrating the company. 

Eric Brown is the new chief financial officer who is brokering the deal.  He used to be an executive but he left to go help run MacAfee securities.  Many analysts are saying that this is a very lucrative addition to the EA team, while McAfee has yet another problem to deal with.

Source: Kristin Lee, Chrono.com