Take-Two's stock price saw a significant jump over the weekend to more than $25, the highest in nearly three years. This nearly 50 percent increase in pre-market trading was a reaction to Electronic Arts' proposed acquisition of the worldwide publisher. EA's bid for the company was $2 billion, or $26 per share.

In reaction to the refused takeover bid, EA issued a public letter, detailing their proposal for the benefit of Take-Two's shareholders. Take-Two reacted by issuing a public statement of their own, calling the bid "inadequate in multiple respects and not in the best interests of Take-Two's stockholders." EA's shares closed at $49.74 on Friday.