T2 Takeover Deadline Passes
Tristan Oliver | May 18, 2008
Neither Side Makes Move
Take-Two stock currently sits at $26.33 from after hours trading–far below some of its $27+ highs in the week that was on Wall Street, but still above Electronic Arts’s buyout offer, which expired at midnight on Friday.
Both sides have remained silent on any deal, which may mean one hasn’t happened yet, and may not be happening.
Electronic Arts also took a big hit on Friday for not closing the deal more aggressively. ERTS stock closed down almost 4 percent. It almost makes you wonder if that freefall can continue somewhat into Monday’s trading.
When any major develop occurs in this tussle, we’ll have the story.
Filed Under Business & Industry, Gaming News
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