Electronic Arts Terminates Take-Two Takeover Talks

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Electronic Arts is dropping its pursuit of Grand Theft Auto 4 publisher Take-Two Interactive, the company announced today.

Following months of hostile buyout offers by EA, the companies started talks under a confidentiality agreement last month.According to the announcement today, "EA continues to have a high regard for Take-Two's creative teams and products," however, "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."

From The Chatty
  • reply
    September 14, 2008 2:55 PM

    Guess Pachter was wrong again.

    • reply
      September 14, 2008 5:40 PM

      He is by far one of the worst analysts i've heard of.

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