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Last week, Take-Two Interactive announced their rejection of an Electronic Arts hostile takeover bid, but promised to work with Electronic Arts on some 'strategic alternatives' to tie into the launch of Grand Theft Auto IV.
A press release issued by Take-Two Interactive earlier today, which we've included after the jump, announced the forthcoming release of Burnout: Liberty City. Described as a mixture of open world gameplay mechanics from both franchises, the game will adopt Burnout's traditional death and destruction driving styles and implement them in the crime-ridden Liberty City.
Strauss Zelnick, Chairman of the Board of Take-Two, had this to say:
Burnout: Liberty City represents an opportunity for two successful franchises to work together for mutual benefit. The world of Liberty City is the perfect match for the Burnout franchise, which thrives on explosions, destruction, and many of the other hallmarks from the GTA franchise. This joint project, the first in a series of ventures between Take-Two and Electronic Arts, is expected to pave the way to a lucrative partnership between our two companies over the long term.
A release date of Summer 2009 has been issued by Take-Two Interactive. Check out the attached screenshots that Take-Two sent over, or read the press release after the jump.
 
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TAKE-TWO INTERACTIVE SOFTWARE ANNOUNCES BURNOUT: LIBERTY CITY
NEW PROJECT TO PAVE THE WAY FOR A HISTORIC PARTNERSHIP BETWEEN TWO VIDEO GAME PUBLISHERS
New
York, NY— April 1, 2008 —Take-Two
Interactive Software, Inc. (NASDAQ:TTWO) today announced that it has commenced with its strategic partnership with Electronic Arts Inc. (NASDAQ: ERTS; "EA")
with "Burnout: Liberty City". The project, developed jointly between the two companies, will work as a stepping stone for both Take-Two and Electronic Arts as they prepare a long term collaboration of creative and financial assets.
Strauss Zelnick, Chairman of the Board of Take-Two, commented,
"Burnout: Liberty City represents an opportunity for two successful
franchises to work together for mutual benefit. The world of Liberty
City is the perfect match for the Burnout franchise, which thrives on
explosions, destruction, and many of the other hallmarks from the GTA
franchise. This joint project, the first in a series of ventures
between Take-Two and Electronic Arts, is expected to pave the way to a
lucrative partnership between our two companies".
Taking place on the streets of Liberty City, the latest entry in the Burnout series will highlight the open world environments of both franchises, while exhibiting a climate unique to Grand Theft Auto games. In it, players will be tasked with completing Burnout events while avoiding death at the hands of the various criminal elements of Liberty City.
Burnout Liberty City is being developed jointly by Criterion Entertainment and Take-Two Marin, and is being prepared for release on the Xbox 360, PlayStation 3, and the PC for release in fiscal Q2 2009.
About Take-Two Interactive Software
Headquartered in New York City, Take-Two Interactive Software, Inc. is
a global developer, marketer, distributor and publisher of interactive
entertainment software games for the PC, PLAYSTATION®3 and
PlayStation®2 computer entertainment systems, PSP®
(PlayStation®Portable) system, Xbox 360® and Xbox® video game and
entertainment systems from Microsoft, Wii™, Nintendo GameCube™,
Nintendo DS™ and Game Boy® Advance. The Company publishes and develops
products through its wholly owned labels Rockstar Games, 2K Games, 2K
Sports and 2K Play, and distributes software, hardware and accessories
in North America through its Jack of All Games subsidiary. Take-Two's
common stock is publicly traded on NASDAQ under the symbol TTWO. For
more corporate and product information please visit our website at
www.take2games.com.
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