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EA Abandons Efforts To Take Over Take-Two
Erik J writes "Electronic Arts has abandoned plans to absorb Grand Theft Auto IV publisher Take-Two Interactive, the company announced earlier today. Following over half a year of hostile buyout offers by EA, the pair went into talks under a confidentiality agreement in late August. From the official announcement: 'EA continues to have a high regard for Take-Two's creative teams and products, [but] after careful consideration, including a management presentation and review of other due diligence materials provided by Take-Two Interactive Software Inc., EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two.' The announcement caused Take-Two's stock to drop by 30%, and analysts expect a bidding war to ensue for employment of the GTA creators."
Why do I get the feeling that it's always the same pathetic loser madly hammering the refresh button just so he can make a post like this every single time? Surely his MAC ID can be banned or something...
Admit it. You post strawman arguments as AC so you get modded Insightful for refuting them, rather than Troll