EA/Take-Two Talks Go Into Hiding
You're probably sick of hearing about it, but you needn't worry: the next time any news arrives from either the EA or Take-Two camp, it'll be significant.
According to Reuters, EA has agreed via "regulatory filing with the SEC to not "make any further announcements regarding the status of any discussions or negotiations with Take-Two" until the two sides can strike a mutual agreement. Therefore, you won't be hearing any more updates on past deadlines, what John Riccitiello or Strauss Zelnick said in a recent statement, or the details on the latest buyout offer. Both EA and Take-Two have decided to take everything behind closed doors and out of the limelight, which will hopefully speed up this process. We've been talking about this since, what, February? EA isn't about to give up, and Take-Two isn't about to relinquish their company unless they see a number they'll accept, but in the end, something will have to give. Will EA come up with the cash to finish this thing off?
Well, it won't really matter which direction these talks go because the press likely won't be aware of it. Only leaked information will find its way to the forefront, and we're only going to accept official news when it comes to industry business. Hence, the EA/Take-Two thing is going to take a backseat until the conclusion arrives.
8/26/2008 John Shepard