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EA Abandons Efforts To Take Over Take-Two

Posted by Soulskill on from the no-dice dept.

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."

3 of 98 comments (clear)

  1. fp by Anonymous Coward · · Score: -1, Offtopic

    eat my asshole! you like it, you fag, you know you do.

    1. Re:fp by NoobixCube · · Score: 0, Offtopic

      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
  2. Dear Sir by Anonymous Coward · · Score: -1, Offtopic

    May I kindly ask what the fuck that has to do with the story?