EA/Take-Two shenanigans drawing to a close? EA’s offer expires, isn’t renewing

Recommended Videos

The drawn out affair between Electronic Arts and Take-Two has been long and predominantly boring, with the former attempting all sorts of chicanery to acquire the latter. It seems that for now at least, the dodgy dealings are halting, as EA’s most recent tender offer for Take-Two stock expired at midnight, and is not being renewed.

So far, there’s no information as to why the offer isn’t being renewed. It could be that EA has what it needs to take control of the company, or it could be that the company will revise its offer and make a new one. EA CEO John Riccitiello has himself said that things have dragged on so long that an acquisition now would reap no holiday period rewards, so maybe it’s just not worth the effort and money now. 

Despite all this, it’s known that EA and Take-Two are at least talking. Riccitiello has been speaking with Take-Two Chairman Strauss Zelnick, and the latter has invited the former and his executives to a secret presentation discussing T2’s release schedule up to 2011. They may also have discussed the overthrow of America and the return of The Illuminati to power, but that’s mere speculation.

So, it looks like all’s quiet on The Western Front for now, but it probably won’t be the last we hear of this. Whether EA finally manages to seize Take-Two or not, I’m sure that talk of big mergers will happen again soon, as the industry continues to take shape.


Destructoid is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more
related content
Read Article Helldivers 2 players receive Quasar Cannon and Heavy Machine Gun Stratagems to support Automaton obliteration
helldivers 2 heavy machine gun HMG quasar cannon stratagems unlocked
Read Article The Witcher 4 development is forging ahead at CD Projekt Red
The Witcher 4 update
Read Article Bungie reveals Into the Light weapons are time-gated and Destiny 2 players aren’t happy
Related Content
Read Article Helldivers 2 players receive Quasar Cannon and Heavy Machine Gun Stratagems to support Automaton obliteration
helldivers 2 heavy machine gun HMG quasar cannon stratagems unlocked
Read Article The Witcher 4 development is forging ahead at CD Projekt Red
The Witcher 4 update
Read Article Bungie reveals Into the Light weapons are time-gated and Destiny 2 players aren’t happy