Rumor: Electronic Arts walks away from merger with Take-Two

Posted Sep 4, 2008 at 10:30AM by QJ Staff Listed in: Wii, PS3, Xbox 360 Tags: Electronic Arts, Take-Two Interactive

Rumor: EA Walking Away from Take-Two Negotiations - Image 1

After so many extended offers - four, I think, but I lost count - Electronic Arts finally got its wish and began closed door talks with Take-Two Interactive. And now... they walked out from the merger. At least, according to rumor.

Guess there's less chance of seeing a Grand Theft Auto Sims game in the future?

Rumors can be a powerful thing though. Not just in Hollywood either. This particular rumor of EA walking out on the merger is believed to be the reason why T2's stock dropped from 24.51 points to as low as 21.34 yesterday.

So what happened behind their closed doors? Would it have anything to do with the Grand Theft Auto IV copy cat killing issue going on in Thailand I wonder? Probably not. At any rate, we can expect some word from either party soon.

Via Seeking Alpha

141 Jumps Custom Firmware 5.50GEN-D3 and 5.03HEN-C dated

41 Jumps MaGiXieN explains release margin for CFW 5.50GEN-D3/ 5.03HEN-C

39 Jumps PSP homebrew - MHUSPEED v3

36 Jumps Traveller's Tales to Sony: make downloadable games cheaper or the PSP Go dies

29 Jumps MaGiXieN: 6.xxGEN is not worth the trouble, 5.50GEN-D3 to be announced in a few hours

29 Jumps More Estavillo subpoenas - Lady Sovereign and Krayzie Bone

27 Jumps EU PlayStation Store update - 12/03/09

26 Jumps Sony helping fix Bayonetta for PS3?

26 Jumps PSP Minis to become playable on PS3 before Christmas?

24 Jumps Medal of Honor series getting reboot next year

Comments [refresh]

by death - 2008-09-04 07:08

� im so happy

at least gta: ?? (5? england?) wont be effected by ea, honestly seems like anything they touch turns to crap.(reverse midas effect)

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