Wall Street Journal: EA to extend Take Two deadline

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Electronic Arts is expected to extend again the deadline for its hostile tender offer to acquire Take-Two, the Wall Street Journal is reporting this morning.

The deadline for EA's last bid for the Rockstar parent passed by without any announcement on Friday, but the WSJ believes the Redwood company may even announce its plans today.

In March, EA amended its original bid from $26-per-share down to $25.74-per share – as it set the May 16th deadline.