After extending the deadline of its offer to purchase Grand Theft Auto publisher Take-Two five times, Electronic Arts is calling it quits. Set to expire today at 11:59 p.m. EDT today, the offer will not be given an extension, according to EA CEO John Riccitiello:[blockquote2]We no longer believe we can integrate Take-Two ahead of the important holiday season. Accordingly, we require due diligence to support a transaction and are therefore letting the tender offer expire tonight.[/blockquote2]In response, Take Two CEO Strauss Zelnick forwarded a management slide containing information related to the company's three year product release schedule and financial projections. Yes, T2 is still interested in working with EA, as long as that partnership does not involve selling their company off at $25.74 per share.
EA allows Take Two bid to expire [MCV]