EA, Take-Two deadline passed and nothing happened


EA’s self-imposed deadline vis-à-vis its proposed acquisition of Take-Two expired Friday with nary a peep from either company. EA, fond of money, offered to buy Take-Two, the publisher of GTA, back in February, with the two companies going back and forth like little children ever since. Well, mainly EA; Take Two has been fairly quiet throughout, telling AFP that any further action is “in [EA’s] court.” Speaking of balls being in courts, just two hours till game seven of Cavs/Celtics. I’m excited.

So yeah, numbers. EA, remember, offered Take-Two the equivalent of $25.74. Meanwhile, Take-Two closed at $27.10 Friday—on what planet would shareholders accept a bid for less than the present value of the stock?

I’d expect EA to murmur something tomorrow.