Archive: september 15, 2008
EA Take-Two: The Wedding's Off [Electronic Arts]
Electronic Arts has ended its nearly seven month long bid to takeover Grand Theft Auto publisher Take-Two Interactive, the company announced today. The two have remained quiet on the potential acquisition by EA, agreeing to keep ongoing discussions private in August after EA was rebuffed as a buyer multiple times.
According to the press release issued by the interested buyer, following a "management presentation and review of other due diligence materials provided by Take-Two," EA says it has opted not to make a new proposal to acquire Take-Two and has ended talks. It was rumored to have done so...
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