EA drops the bidding offer on Take 2.
In a less than courteous way.
by Sith Lord jim:
©2008 Jim McIntyre::
It seems EA have finally decided to stop trying to acquire Take 2, but have made it “seem” that it’s because Take 2 isn’t worth getting now . . .
Dean Takahashi has recently posted on his blog regarding EA and Take-Two. According to Dean the companies have given up on their talks of merger. Drop in here for the original post.
“EA said in a statement that said it had high regard of Take-Two but after reviewing Take-Two’s management presentation on its future plans and other due diligence materials, it decided not to acquire Take-Two. EA had previously offered $2 billion to buy Take-Two.”…”Take-Two said in a statement that it remains actively engaged in other discussions about its strategic alternatives.”
Whether this is good news or not is a matter of opinion. Personally I think it would have been nothing, but positive if the companies were to merge. Just imagine what Take Two could do with the vastly increased budget, that would come from being with EA.
We’ve read that Publishing Giant Ubisoft have shown great interest in Take 2, so let’s see what comes of this now.
Drop into our forums and share your thoughts on the matter.
©2008 Jim McIntyre::
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Filed under: Console gaming, Editorial, Industry News, Xbox 360, Xbox 360 News Tagged: | EA, Electronic Arts, GTA 4, GTAIV, Take 2, Take 2 Interactive, Take Two
