And the drama continues. After a brief period of silence following the passing of the second deadline, Electronic Arts has extended their offer to Take-Two Interactive to accept their US$ 2 billion to buy them out.

This is the third deadline imposed on Take-Two now. (If only my professor was as lenient with deadlines...) Take-Two continues to protest that the offer is still too low, undervaluing the worth of the company, considering the massive success of Grand Theft Auto 4 and the announced Bioshock movie.

EA remarked that the offer already took the success of GTA 4 into consideration with the offer. Perhaps they're just not willing to dish out more cash? EA already did have to secure a loan of US$ 1 billion in preparation for the merger.