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Home Take-Two updates

The EA/Take-Two love affair is over: They're both single, ladies!

6:51 PM on 09.14.2008, Jim Sterling 18 comments

The EA/Take-Two love affair is over: They're both single, ladies! photo
     Take-Two

After months of boring press manipulation and endless talk about stockholders, it's finally over. Electronic Arts has officially ceased its Pepé Le Pew-style courtship of Take-Two and will let it back into the wild -- kind of like having it in a Pokéball before it breaks out and runs away. It was exactly like that.

Electronic Arts... today announced that while EA continues to have a high regard for Take-Two's creative teams and products, after careful consideration, including a management presentation and review of other due diligence materials provided by Take-Two... EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two.

The two companies were in talks, but it seems that they had broken down for reasons not yet clarified. Take-Two, for its part, issued the following statement:

We remain focused on creating value for our stockholders and our consumers. This has been our goal since EA launched its conditional and unsolicited bid six months ago, a bid which was repeatedly rejected by our stockholders. As part of that commitment, we remain actively engaged in discussions with other parties in the context of our formal process to consider strategic alternatives. We're especially proud of the success we've enjoyed over the past eighteen months and we remain confident in our ability to generate value for stockholders.

EA CEO John Riccitiello didn't seem too fazed by the loss of potential goldmines like Grand Theft Auto or BioShock, choosing instead to toot his horn about Spore, Mirror's Edge and Warhammer Online, among other titles. 

Seven months, and it's all over with nothing having really happened. Kind of reminds you of life in general, really.


Next page: More Electronic Arts stories




Sam Spectre's Avatar
Sam Spectre at 09/14/2008 19:11
Such a tease
parrothead's Avatar
parrothead at 09/14/2008 19:27
Does this mean that the next GTA won't suck? Cause you know EA would have screwed that up.
Crunshii's Avatar
Crunshii at 09/14/2008 19:35
yay, big fish didnt get to goggle the little fish.
F Whipple's Avatar
F Whipple at 09/14/2008 20:53
"Darn, it was so close too..."

Nothing angered me more in Pokemon than having the pokeball wiggle twice only for the pokemon to pop out. Perfect analogy
DanMazkin's Avatar
DanMazkin at 09/14/2008 20:53
I've never understood how Pepe Lepeuw can be accepted as a character when all he does is promote stalking, harrassment and date-rape.
MotoRobo's Avatar
MotoRobo at 09/14/2008 21:04
Good thing Take-Two's stockholders don't want EA to buy them.
Giggles With Crabs's Avatar
Giggles With Crabs at 09/15/2008 00:10
Thank God! EA getting their filthy hands on Bioware was bad enough.
GohanGVO's Avatar
GohanGVO at 09/15/2008 00:14
I wonder if EA was unimpressed with TT's lineup beyond GTA and the sports stuff (Midnight Club perhaps conflicted with NFS?).
dgschrei's Avatar
dgschrei at 09/15/2008 00:32
@ parrothead No it'll mean that the next GTA will be another boring SimCity with nothing to do where all you do is earn money that you can't spend anywhere.


I want a sequel to Vice City and I want it now. You hear me Rockstar. I want to play a psychotic killer like Thommy Vercetti amd mot some whiny bitch that always is on the verge of crying about the horrible things he saw in the war while he is shootimg the brains out of everything whitout the slightest emotion.
Holiday's Avatar
Holiday at 09/15/2008 01:12
Jesus spares a kitten's life for EA's monopoly of the gaming industry comes to a temporary halt.
Gibbo's Avatar
Gibbo at 09/15/2008 01:38
Today is a Good Day.
Nictel's Avatar
Nictel at 09/15/2008 04:59
Yeah! GTA and Bioshock without invasive DRM!
Mushman's Avatar
Mushman at 09/15/2008 05:37
YUSSSSSS!!
Demtor's Avatar
Demtor at 09/15/2008 09:39
Haha, loved that last line.
Holyetheline's Avatar
Holyetheline at 09/17/2008 19:24
NOOOOOOOO
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