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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

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    EA CEO says Take-Two bid incorporated GTA's success

    SAN FRANCISCO
    Tue May 13, 2008 8:15pm EDT

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    John Riccitiello, Chief Executive Officer of Electronic Arts, speaks at the Reuters Media Summit in New York, November 29, 2007. REUTERS/Brendan McDermid

    SAN FRANCISCO (Reuters) - Electronic Arts Inc's (ERTS.O) $2 billion bid for Take-Two Interactive Software Inc (TTWO.O) fully accounted for the blockbuster success of "Grand Theft Auto 4" video game, Chief Executive John Riccitiello said on Tuesday.

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    "Our valuation took fully into account the success of GTA," Riccitiello said.

    "In terms of next steps, we are continuing to work with the FTC," Riccitiello said, referring to the U.S. Federal Trade Commission that is studying the proposed takeover. "I don't believe our proposal is in any way anti-competitive."

    Electronic Arts' $25.74 per-share tender offer for Take-Two is due to expire this Friday. Take-Two management has urged shareholders not to tender their shares, saying EA's offer is too low.

    (Reporting by Scott Hillis, editing by Phil Berlowitz)
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