After Electronic Arts' $2 billion takeover bid, followed by an attempt to acquire the company by hostile means, Take-Two has again rejected the aggressive video game supplier.

Take-Two, the makers of Grand Theft Auto, called EA's advances "inadequate in multiple respects and contrary to the best interests of Take-Two's shareholders."

In response to the news Take-Two's stock rose 0.5 percent, or 14 cents, to $25.95, yesterday. EA's fell $1.08, or 2.2 percent, to $46.07.