Leading up to the launch of Grand Theft Auto IV, Electronic Arts, the world’s largest independent video game publisher, has made an offer to Take Two Interactive to purchase the company for $26 per share, or $1.9 billion in cash. This represents a premium of 50% over the prior day’s closing price. As with the previous offer of $25 per share, Take Two rejected it. There’s fear, rightfully so, that EA’s trying to buy Take Two cheap before the GTA 4 launch sends the stock price climbing. For its part, Take Two has suggested EA come back in a few months and try again.