EA To Let Take-Two Takeover Offer Expire
The world’s largest video game publisher, Electronic Arts, has said it will let its $2 billion takeover offer for the Take-Two Interactive expire today, bringing and end to its unsolicited bid to buy up the publisher of BioShock and the controversial Grand Theft Auto franchise.
In a statement, EA said it didn’t believe it could benefit from acquiring Take-Two before the end-of-year holiday shopping season, and had to re-assess the value of its offer of $25.74 per share.
EA initially announced its intention to buy out Take-Two back in
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