EA abandons Take-Two takeover idea News • News • Eurogamer.net

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That was seven months well spent.

More than seven months after the whole business began, Electronic Arts has announced it's no longer interested in acquiring Take-Two.

Apparently the decision was made following a presentation by Take-Two's management team. Perhaps they forgot to polish their shoes.

In a statement, EA said it still has "a high regard" for the other company's creative teams and products. However, "after careful consideration, including a management presentation and review of other due diligence materials... EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two".

Take-Two has yet to issue a comment, but the company probably isn't too pleased its share price has just dropped to USD 21.89 - lower than EA's original offer of USD 25.

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Comments (15) Latest comment 3 years ago

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Xerx3s #1 3 years ago

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No, we are not after GTA at all.
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michaelius #2 3 years ago

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Cool now they can concetrate on putting more bullshit copy protection in future games.
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bad09 #3 3 years ago

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I know EA are having a storming year with great titles but I can't help but feel happy about this.

Strange they change their mind after GTA4 is done, will they try again just before the next GTA I wonder?
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Eraysor #4 3 years ago

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Next year - Activision buys Take Two.

I personally think Acti have taken over from EA as the worst games company now.
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JonFE #5 3 years ago

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Strange... Isn't GTA IV coming out this November on the PC? I'd have thought that EA would try to acquire T2 even now, just to make a quick return on the PC release and capitalize on the up-coming DLC... Are they trying to lower the price?
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mkreku #6 3 years ago

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Yay!
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Triggerhappytel #7 3 years ago

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Good news. Monopolies in any business segment are bad.
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PearOfAnguish #8 3 years ago

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Seems a bit odd. Perhaps they've seen financial info and are waiting for the company to go under so they can pick it up at a knock-down price.
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Orange #9 3 years ago

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Agreed that Activision are the new evil, at least EA is pretending to be good now. Acti are just shite.
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linksdad #10 3 years ago

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They realised that last implementation of the GTA IP wasnt that great and future versions will probably never have the same anticipation surrounding them as a result.
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Oh-Bollox #11 3 years ago

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Well done for holding out, Take Two.
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penhalion #12 3 years ago

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Possibly because Take 2 are unsustainable without GTA. They litterally have nothing else of note. If GTA 5 were to fail (and believe me, after GTA 4, I'm not buying another one any time soon). then take 2 goes under or at the very least is badly compromised.

Not a good way to run a company i.e. relying on a single franchise.
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SEVQA #13 3 years ago

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Yeah!!! Evil Aliens will not take over the industry!
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EzyRyder #14 3 years ago

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Take 2 is going to have serious problems. Their shares have gone down to the usually $15 (as it was before February this year). I reckon it is going to be bought out at a bargain price ... and probably by EA.
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actionfitz #15 3 years ago

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next up:
Acti-Blizz use a Securom variant to secure WoW.
the games industry implodes as 9 million uber geeks and computer savvy nerds cancel their wow subs.
then hell freezes over.
true story.
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