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Take-Two takes post-EA stock-hit

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Take-Two's share have dropped 5.1 percent this morning, following news that EA has officially walked away from buyout negotiations with the firm.

"It boils down to price negotiations and the two companies not being able to come to terms," said Arvind Bhatia, a Dallas- based analyst with Sterne Agee & Leach Inc. "Take-Two shares will likely trade back to the levels they were before EA's bid."

Short! This does now constitute advice. More on Bloomberg.

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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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