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EA Gives Up On Merger With Take-Two

Submitted by: KnightMare @ 11:40 PM | Sunday, September 14, 2008 | (url: http://www.1up.co...)

"Electronic Arts Inc. today announced that while EA continues to have a high regard for Take-Two's creative teams and products, 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."


09-14-08 - 11:54 PM
Or is it that Take Two didn't want to be stained with the name EA?
09-15-08 - 12:09 AM
Obviously Take-Two rejected this shit outright, and EA won't bother pressing it further.

Of course, the press release reads as though it was EA's decision. Fucking lies.

You don't go into dealings to buy out another multimillion dollar corporation without already making sure it's the move you want to make.
09-15-08 - 01:11 PM
I wonder if federal officials actually care about a monopoly in videogames?
09-15-08 - 04:53 PM
Haha, even their hostile take-over failed.

Glad to hear Take-Two didn't fall under EA's bullying.
09-16-08 - 06:42 PM
Or one of the companies discovered something that torpedoed the deal during the due diligence phase of the acquisition.
09-16-08 - 06:56 PM
or EA didnt want to wait till GTA4 was finished selling like hotcakes.
09-17-08 - 02:36 AM
lol
09-18-08 - 06:02 PM
GTA5 would be riddled with bugs, barely enjoyable for more then a month and be a pain in the arse to install on PC due to the DRM.

I hope take-two stays...
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