Electronic Arts Walks Away From Take-Two Bid
Posted by x3sphere at 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.
Read more: EA, Take-Two Sign Confidentiality Agreement Over Acquistion Talk, Take-Two “Actively Engaged” In Buyout Talk With Interested Parties, Take-Two To Remain As An Independent Company, Calls Off Merge Talks, EA Extends Take-Two Offer To June 16, T2 Responds, Take-Two Rejects EA’s Offer, Again
