EA and Take-Two Interactive start talking to each other
After months of a hostile-takeover stand-off, Take-Two Interactive Software said today that it expects to sign a confidentiality agreement with Electronic Arts. That means the two can start talking seriously about evaluating “strategic alternatives” that might result in an investment or purchase of Take-Two, which has the hottest property in games, Rockstar Games, the maker of “Grand Theft Auto IV.”
EA is also expected to let its $2 billion tender offer expire tonight at midnight Eastern… Continue Reading