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Riccitiello: GTA IV dev is "essentially complete"


In an ongoing conference call, EA CEO John Riccitiello has just said that, "We expect the development of GTA is essentially complete," explaining that the company's move on Take-Two's business will not impact the release of the "important" game.

He said, "This is a very good deal for Take-Two shareholders," while detailing that Take-Two has an uncertain future because of legal, scale and operative issue.

"The time is right to do the deal now," he said, adding, "It represents certainly for Take-Two's investors."

Riccitiello is about to take questions. The script from the call is to be posted on EA's super-special Take-Two takeover site once the call's finished.

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