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.

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.

Are you concerned with Take-Two's move to develop the sequel to BioShock in 2K Marin instead of Boston and Australia? Are you excited about a possible sequel to Max Payne next year? Is Take-Two locked down for EA's taking? All these were answered by the controversial publisher's top execs as they met up with investors. All the details after the jump.

Electronic Arts apparently took note of Jack Thompson's offer to help acquire Take-Two Interactive, and was nice enough to respond to the popular anti-video game violence attorney. Unfortunately for Thompson, his accusations against EA's games might've been reason enough for the publisher to shake its head and turn him down. Read all about it at the full article.

A lot of questions have yet to be answered regarding Take-Two Interactive's rejection of Electronic Arts' US$ 2 billion dollar takeover bid. While some believe that the company is holding out for a bigger offer, others have said that the company just wants to remain independent. Strauss Zelnick, the executive chairman of TT Interactive, recently gave his take on the rejection. To find out what he had to say, head on over to the full article.

Controversial attorney Jack Thompson is at it again. This time around he gave more than his two cents regarding the Electronic Arts and the Take-Two Interactive merger. In fact, he said he'd be willing to help EA with their endeavor of acquiring Take-Two. Find out more after the jump!

Reacting to recent industry news, Wedbush Morgan Securities analyst Michael Pachter has predicted that EA will be, in Gamespot's words, conducting a hostile takeover of Take-Two Interactive. An interesting theory that Pachter also brought up is that EA is more interested in the sports division of the company rather than its other IPs. For more on this, head on over to the full article.