This has been one of the most hostile take over bids this year.
EA and Take-Two both failed to reach common ground for the take over and as a result, the bid went hostile in March.
There was always a $2 billion USD tender, and that has stayed throughout the bid deadlines and renewals. This was seen as an undervaluation by Zelnick, big man of Take Two, and as a result no deal was made.
Jeff Brown told Gamasutra that “[EA have] been pretty consistent about this from the start,” but now the threshold has been passed they’re going to step away.
So we’ll know tomorrow what happens.
Founder and Editor of PC Invasion. Veteran PC gamer of over 22 years.