[*Shacknews* Games] Electronic Arts, Take-Two Enter Confidential Talks
Posted: Mon Aug 25, 2008 5:30 pm
After months of back and forth, publishers Take-Two and Electronic Arts are now holding private meetings on the subject of a possible acquisition, according to EA.
Electronic Arts offered to buy Grand Theft Auto 4 publisher Take-Two for some $2 billion in February. Take-Two declined the offer, and has since fought off a hostile takeover bid by EA.
The fresh round of dialogue indicates the two companies may now be working toward a transaction that satisfies both parties.
Said Electronic Arts in an SEC filing: "EA does not intend to make any further announcements regarding the status of any discussions or negotiations with Take-Two unless and until discussions between EA and Take-Two have been terminated or such parties have entered into a transaction."
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Electronic Arts offered to buy Grand Theft Auto 4 publisher Take-Two for some $2 billion in February. Take-Two declined the offer, and has since fought off a hostile takeover bid by EA.
The fresh round of dialogue indicates the two companies may now be working toward a transaction that satisfies both parties.
Said Electronic Arts in an SEC filing: "EA does not intend to make any further announcements regarding the status of any discussions or negotiations with Take-Two unless and until discussions between EA and Take-Two have been terminated or such parties have entered into a transaction."
Link to article