Electronic Arts Walks Away From Take-Two Bid

by Mike Bendel on September 14, 2008 @ 9:34 pm


It’s over – finally. After careful consideration, Electronic Arts has decided to put a stop on the bid it initially made in February to takeover rival Take-Two, publisher of Rockstar’s famed Grand Theft Auto series. Last month, the two companies slid away from the public spotlight and signed a confidentiality agreement regarding the details of any further negotiations.

In a statement released today, Take-Two CEO Strauss Zelnick said the company remains “actively engaged” in discussions with other interested parties and is open to strategic alternatives.

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Around the web:

Read moreEA, Take-Two Sign Confidentiality Agreement Over Acquistion TalkTake-Two “Actively Engaged” In Buyout Talk With Interested PartiesTake-Two To Remain As An Independent Company, Calls Off Merge TalksEA Extends Take-Two Offer To June 16, T2 RespondsZelnick Confirms BioShock 3

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