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EA walks away from Take-Two buyout - game over folks!
Video game publisher Electronic Arts said Sunday it ended talks to buy smaller rival Take-Two Interactive Software, best known for the "Grand Theft Auto" series of games. EA, the publisher of games such as "Madden NFL 09" and "Spore," said it decided not to make an offer to buy Take-Two. Nothing like a long battle only to walk away at the end saying you didn't need it!
"EA is tracking toward a record-breaking year," said President and Chief Executive John Riccitiello, in a statement. Spokesman Jeff Brown said Sunday EA is "not at all" disappointed that things didn't work out. Brown did not say what prompted EA to walk away from the discussions, but he said the company is confident in its own product portfolio. Take-Two, he added, was "never something EA needed."
Posted by | Mon, Sep 15, 2008 - 08:20 AM
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