Electronic Arts Tells Take Two “Thanks for the Ride”
So after four extensions and formal negotiations, Electronics Arts has walked away from a merger with Take Two Games. The official statement states that:
”EA continues to have a high regard for Take-Two’s creative teams and products, [but] after careful consideration, including a management presentation and review of other due diligence materials provided by Take-Two Interactive Software Inc., EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two.”
One has to wonder if Electronic Arts looked at the sagging tail of Grand Theft Auto IV sales and realized that maybe this is not the Shangri-La that we thought it was. Either that or maybe they were just listening to Kelly Clarkson’s “Walk Away”, and had a moment of clarity about the whole deal.
Tags: electronic arts, grand theft auto, kelly clarkson, merger, shangri-la, take two, walk away
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