EA and Take Two to Talk in Secret

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EA and Take Two to Talk in Secret

August 27th, 2008, 01:17 Posted By: wraggster

If you're becoming increasingly weary of the ongoing saga between Take Two and Electronic Arts, you'll no doubt be relieved to hear that there will be a brief respite on the will they/won't they takeover bid as the two have just signed a confidentiality agreement that disallows either from disclosing any agreements or discussions pertaining to the bid.

"EA does not intend to make any further announcements regarding the status of any discussions or negotiations with Take-Two unless and until discussions between EA and Take-Two have been terminated or such parties have entered into a transaction," said the company in a statement picked up by Reuters.

EA's last bid, valued at around $2 billion, expired recently with Take Two's Strauss Zelnick believing that the Grand Theft Auto publisher is being repeatedly undervalued, but the confirmation that talks between the two are continuing in secret suggest that EA's interest in Take Two hasn't waned.

http://uk.xbox360.ign.com/articles/902/902775p1.html

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