Electronic Arts, Take-Two Enter Confidential Talks

August 25, 2008 3:13 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."

Nick Breckon

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Jonathan

 reply
August 25, 2008 3:21 PM

I really hope this fails. Both sides do good and bad things but reducing the competition is just plain bad especially in this case for the PC or Sports Gamer.
- El_Guapo
  
   reply
  August 25, 2008 5:00 PM
  
  Yeah when did competition become a bad thing?
  - the archvile
    
     reply
    August 25, 2008 5:02 PM
    
    when it stood in the way of MAXIMUM PROFIT!!