No agreement reached between mega-publisher and Rockstar parent's shareholders
Shareholders in Take Two have let EA’s deadline for its $2 billion acquisition offer pass by without response.
Neither firm has commented since Friday’s bid expiration deadline, set by EA last month following an extension on its original offer.
"There is nothing going on right now," Take-Two spokeswoman Meg Maise told AFP when asked about the status of the bid on Friday. "It is in [EA's] court."
Take-Two’s stock closed at $27.10 on the Nasdaq on Friday, down 0.8 per cent - but 5.2 per cent above EA’s $25.74 per share offer.
EA revealed its original unsolicited $26-per-share move for Take-Two in February.
In March, the publisher took the offer directly to Take-Two shareholders after its board rejected the bid as undervaluing the company.
Advertisement
It later amended the bid from $26-per-share down to $25.74-per share – when it set the May 16th deadline.
Comments
Leave a Comment
HOT TOPICS
Xbox owners ‘defecting’ to PS3 31
HMV calms Modern Warfare concerns 27
Modern Warfare 2 already pirated? 26
Activision praises retail and promises fair play on MW2 23
First MW2 pre-orders arrive 16
Tesco sells Xbox 360 games for £3.97 11
EA: PES is struggling 9
LittleBigPlanet sequel looks unlikely 7
Activision: 'Guitar Hero as respected as Harley Davidson' 7
Nintendo talks Wii HD 6
RELATED STORIES
EA’s bid for Take Two – the story so far 1
EA allows Take Two bid to expire 1
EA launches Take 2 acquisition website 2
OPINION: Why EA’s purchase of Take Two is inevitable 7
ONLINE SPECIAL: EA and Take Two 2
Take Two protects employees from EA takeover
Riccitiello: ‘Take Two bid is all about Rockstar’ 5
‘Take Two shares will plummet without us,’ warns Riccitiello 12
EA is Rockstar’s ‘white knight’, says Riccitiello 7
EA's Take Two bid ‘the most hostile in history’ 6
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets