After a few extensions of negotiations between Electronic Arts and Take-Two Interactive, both video game publishers, to agree to a deal in which EA would acquire Take-Two, EA has now decided not to pursue it further, according to a Bloomberg news article. Electronic Arts stated that, since they would not gain the benefits of the holiday selling season, their bid would no longer yield satisfactory results.
Their latest offer had been $25.74 per share, something rejected by Take-Two’s board. This means that there is still potential for Take-Two to remain independent. Take-Two is, of course, the current publisher for the Civilization series.
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