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Post by Steve Farrelly @ 09:15pm 10/03/08 | 1 Comments
Well, they're really covering their employees, but it could be seen as another notch on EA's belt in their quest for acquisition of the GTA publisher. According to reports, Take-Two Interactive have set up a severance plan for non-execs that will see them receiving up to six months salary if, in the event of a take-over, they are made redundant within a year of said purchase. The big nob executives stand to be paid out up to 18 months severance.

Recently third-party giant Electronic Arts put in a massive bid to acquire Take-Two and envelope them into their ridiculously large fold, however, the BioShock publisher has refused to budge, turning EA down on two separate occassions despite the more-than-generous offer on the table.

Analysts are predicting the packages have been put in place to keep employees minds at ease in the wake of the EA buyout offer, which would obviously have shaken things up internally. However, given Take-Two head, Strauss Zelnick, has said negotiations will not go ahead until after GTA IV goes on sale, suggests despite the munificent gesture for employees, the severance packages may still come in handy after all.

GTA IVRockstar GamesEATake-Two

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