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EA have pulled out of negotiation for a takeover of Take-Two
Reportedly, Take-Two felt consistently undervalued, with the bid cited at $2 billion US. The companies entered private talks last month, with a string of offers and rebuttals. Take-Two CEO Strauss Zelnick says “”We were very convinced the value of the transaction would decline over time and have come to feel more and more strongly about our own business.”” This isn’t the end for Take-Two Take-Overs, though, as Zelnick has stated that the company is still considering some “”strategic alternatives””. Source: IGN
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