EA abandons buying game company Take-Two thoroughly

September 18, 2008

According to foreign media coverage, EA weekday announces, already abandoned buying thoroughly ” hand of car of hunt of pilfer of a person adept in martial arts and given to chivalrous conduct ” game sends peddling Take-Two.

EA expresses, although still be opposite,the creation group of Take-Two and product are interested, but the course is evaluated carefully, already decided to abandon should buying a plan. EA president holds CEO concurrently to writing brush Diailuo surprises in · about (John Riccitiello) says in a statement: “The show with current EA is very driving, hopeful of year outstanding achievement achieves the history best record. Hopeful of year outstanding achievement achieves the history best record..

And · of EA spokesman Jeff Braun (Jeff Brown) expresses: “Buy Take-Two to failing to succeed, EA a bit does not feel disappointed. “Braun did not explain EA abandons buying the specific reason of Take-Two, but express, EA is confident to his product line. Braun still complements: “Take-Two already lost appeal to EA. “Take-Two already lost appeal to EA..

This year in Feburary, EA bids be in harmony of 2 billion dollar buys Take-Two, be equivalent to every 26 dollars, with Take-Two share price photograph compares excessive price at that time 64% . But Take-Two in order to bid too low for rejected EA, and EA did not abandon, extend quote deadline 5 times early or late. On July 23, the term that EA announces to will buy Take-Two is lengthened to on August 18.

After deadline expired on August 18, both sides signed collogue agreement, enter private talk phase. Because this trades potentially,achieved commission of American federal trade (the approval of FTC) , because this a lot of analysts think, EA will rise buy quoted price. And nowadays, bilateral negotiation already ended thoroughly.

Ze Erni of · of Take-Two president Strauss is overcome (Strauss Zelnick) weekday says, from EA6 since animosity is started before the month and be being bought, take-Two devotes oneself to to create value for partner and user all the time. Zeernike still expresses, take-Two still negotiates with other company at the same time, discuss the possibility that other strategy cooperates. But company spokesman says, take-Two won’t publish the detailed information that negotiates about these at present.