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EA, Take Two End Acquisition Talks

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Old 09-15-2008
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EA, Take Two End Acquisition Talks
Electronic Arts will not make a proposal to acquire rival Take Two-Interactive Software, the company said Sunday. EA first made a $2 billion, $26 per share offer for Take-Two in February. When the Grand Theft Auto maker's management rejected the offer, EA turned hostile, buying up as many shares as it could for the offer price. EA continued to extend the tender offer, but withdrew it last month, entering into private talks with Take-Two.

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