EA Abandons Efforts To Take Over Take-Two

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."

All I have to say is

[4D6963]

The Flying Spaghetti Monster be praised! Hallelujah and Allahu Akbar!

Re:fp

[Anonymous Coward]

When you're all anonymous, there are only two people on the Internet: You and Me.

Although sometimes John comes on but that's infrequent.

Re:Meh.

[QuantumG]

hehe, they ship. That's what makes them different to EA.

Re:Good

[Garridan]

Don't worry. They'll be back for Takover of Take Two, Take Two. In fact, they had to give up once, for precisely that.

Thanks

[unity100]

i'll wait for the abridged version, collector's exclusive edition, uncut.