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EA and Take-Two sign NDAs, enter private talks

According to this Reuters story, EA and Take-Two are now to enter previously-announced private talks about the potential merger of the two firms, and have signed documents to ensure all negotiations are kept out of the public eye.

"As a result, 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," EA said in a regulatory SEC filing.

EA offered to buy Take-Two for $25.74 a share, or about $2 billion, in April. The bid was repeatedly rejected as too low.

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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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