The long, dirty road with EA and T2, is coming to a close. EA has satisfied the Federal Trade Commission’s second round of information requests regarding its bid for Take-Two. Although this is a bad sign for Take-Two, this doesn’t necessarily mean the end. With EA holding off on the buyout of T2 until August 21st, or until the FTC has finished their search, it seems that we might see a move very soon from EA. Although Take-Two’s stock is dropping, this is no sign that it is because of the potential, now imminent, buyout.
Pachter had this to say about the stock prices,
It’s nothing in particular concerning video game stocks, Take-Two is worth the same, it won’t impact EA’s offer.
Although this may be true, it might persuade some stock holders to try and make a big win with prices almost $3 below EA’s bidding price/share. We will continue to wait it out and see what happens to Take-Two who is still struggling with compliance to the FTC’s demands.
Via: Videogaming247, Kotaku
