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EA won't extend Take-Two deadline, deal to lapse

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EA's announced that it won't extend its deadline to buy Take-Two after its current deadline lapses tonight, saying that it doesn't believe it could integrate the firm in time for Christmas if things drag on any longer.

Take-Two shares fell nearly 6 percent in premarket trade to $23.38 today.

The news comes after weekend talks between EA chief John Riccitiello and Take-Two chairman Strauss Zelnick.

EA has said it will see a three-year plan presentation from Take-Two, but that it's five-times-renewed tender offer will drop tonight.

So that's the end of that. For now.

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Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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