The board at Take-Two have rattled their briefcases and pens in disapproval once again at EA's offering of $26 a share. They say they'll explore more options after the release of Grand Theft Auto IV, a pivotal release for the company and one that EA wanted.

Take-Two says to "Not Tender Shares at $26 a Share" to their stockholders, not to feel pressure from EA's deadline tactic.

The big-wigs of the T2 board say they have "thoroughly reviewed Electronic Arts Inc.'s unsolicited conditional tender offer with the assistance of its financial and legal advisors" and that they have "unanimously determined that the $26.00 per share cash offer is inadequate in multiple respects and contrary to the best interests of Take-Two's stockholders."

Yet more corporate boardroom drama for the industry, for now it seems GTA IV is the only thing keeping Take-Two from succumbing to the offer - ironically of course the guys at Rockstar Games are precisely the ones EA want to get a hold of from this buyout.

Dun-dun-dun. How can shows 24 and Prison Break compare with this kind of tense action? Step aside Bauer.

Click here to visit the official Take-Two press release.