Sundays must now be the ideal day for gaming companies to make offers and merge companies. Last year, it was Activision and Blizzard merging, and today, EA has proposed an offer to purchase Take 2.

Electronic Arts Inc. today announced that it has proposed to acquire Take-Two Interactive Software, Inc. in an all-cash merger valued at approximately $2.0 billion.

EA’s proposal of $26 per share in cash represents a premium of 64 percent over Take-Two’s closing stock price on Feb. 15th, the last trading day before EA sent its revised proposal to Take-Two, and a 63 percent premium over Take-Two’s 30-day trailing average price over the thirty trading days ending on that date.

The rest of the details, including EA’s reasoning can be found here: http://www.eatake2.com/release.htm

Am I the only person who thinks this would be bad for the consumer? Think about every company out there that makes sport titles…. EA and Take 2. Think about the games you are most looking forward to playing? Grand Theft Auto 4 and Bioshock 2? Now, under the EA umbrella do you really think that the games would get the treatment that they deserve?

Also, would you agree with this statement?

We believe Take-Two’s current share price already reflects investor expectations for a strong release of GTA IV as well as the longer-term issues that Take-Two faces. Once GTA IV ships, Take-Two will again be dependent on less-popular titles and face increasing challenges to compete with larger and better-capitalized competitors.