It was announced this morning that EA has extended the Expiration Date of the Offer until 11:59 p.m., New York City time, on Monday, August 18, 2008.

As of now approximately 11,741,339 shares have been tendered. I would post more on this, but I am even getting bored of it.

Edit:10:14am EST

Take Two responded about the extension and Im sure we are all breathless in anticipation about what they have to say. Oh wait, we already know, but those who are interested here is what the response is.

Strauss Zelnick, Chairman of Take-Two, said, "Take-Two’s Board continues to be 100% committed to maximizing stockholder value and remains unanimous in continuing to recommend that our stockholders not tender their shares to EA. We are fully engaged in a formal process to evaluate strategic alternatives that have the potential to deliver greater value than EA’s inadequate offer. As part of this process, we continue to engage in meaningful discussions with multiple parties, a number of whom have been conducting due diligence. We also remain absolutely focused on executing on our strategic and business objectives."

Ben Feder, Chief Executive Officer, added, "In February, Take-Two’s board rejected EA’s offer as inadequate. Since then, the record-shattering release of Grand Theft Auto IV, the exciting announcement of a BioShock movie, and our ability to deliver financial results exceeding expectations have further demonstrated that our value-creation potential is greater than EA’s offer. Take-Two is also continuing to create significant value through the development of world-class entertainment products, as well as improved operational and financial performance. Our stockholders will be the beneficiaries of these achievements, and it is management’s mission to deliver the greatest value possible for them."

Wow, thats profound, wasnt it?? Okay sarcasm aside, this is getting to be a bit redundant, and when is EA going to just leave well enough alone