The Electronic Arts Inc. vs Take-Two Interactive Software, Inc. drama continues to churn at a slow boil, with EA now extending its tender offer for all of Take-Two's shares until May 16th. Previously, the offer was set to expire on April 18th, but since things haven't been moving the way EA would like, they want to spice it up a bit. They've adjusted the offer to reflect the stock's price of $25.74.

What's crazy is that Take-Two is still fighting this. With the offer being valued at approximately $2 billion in cash, I would've taken the money and run with it. EA feels the same way, as they think this offer is not only fair but good for both companies in the long run. Granted, they're looking at that Grand Theft Auto IV pie and growing a bit hungry, but they may have a point.

We'll know how this all bowls over come May 16th.