REDWOOD CITY, Calif. --(Business Wire)-- Sep. 14, 2008 Electronic Arts Inc. ("EA") (NASDAQ:ERTS) today announced that while EA continues to have a high regard for Take-Two's creative teams and products, after careful consideration, including a management presentation and review of other due diligence materials provided by Take-Two Interactive Software Inc. ("Take-Two") (NASDAQ:TTWO), EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two.
John Riccitiello, Chief Executive Officer of EA, said: "EA is tracking toward a record breaking year. We're launching 15 new games including award-winners like SPORE, Dead Space and Mirror's Edge, great new titles from the Sims, new family titles with Hasbro, and the highest quality slate of EA SPORTS titles on this generation of consoles. We're also expanding beyond our core business with a series of direct-to-consumer launches including Warhammer Online."
About Electronic Arts
Electronic Arts Inc. (EA), headquartered in Redwood City, California, is the world's leading interactive entertainment software company.
Founded in 1982, the Company develops, publishes, and distributes interactive software worldwide for video game systems, personal computers, cellular handsets and the Internet. Electronic Arts markets its products under four brand names: EA SPORTS(TM), EA(TM), EA SPORTS Freestyle(TM) and POGO(TM). In fiscal 2008, EA posted GAAP net revenue of $3.67 billion and had 27 titles that sold more than one million copies. EA's homepage and online game site is http://www.ea.com. More information about EA's products and full text of press releases can be found on the Internet at http://info.ea.com.
Electronic Arts Terminates Discussions with Take-Two
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Digital Puppy
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Electronic Arts Terminates Discussions with Take-Two
Electronic Arts Terminates Discussions with Take-Two
Just a little puppy trying to make it in a big digital world.
Re: Electronic Arts Terminates Discussions with Take-Two
"decided not to make a proposal"
Wow, should have said
"decided not to keep pestering Take-Two for something they aren't going to ever get."
EA was like a scrawny nerdy kid making proposals to the hottest girl in school. He can try all he wants, but she is still going to go for the football star.
-note, I was the scrawny nerdy kid in school, I don't really need to hear anything about this comment being mean.
Wow, should have said
"decided not to keep pestering Take-Two for something they aren't going to ever get."
EA was like a scrawny nerdy kid making proposals to the hottest girl in school. He can try all he wants, but she is still going to go for the football star.
-note, I was the scrawny nerdy kid in school, I don't really need to hear anything about this comment being mean.
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Andy
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Andy
New Rig: Intel Q6600 (2.7ghz), ASUS P5KC, 4GB DDR2-800, Palit 9600GT (1GB), Ultra X3 1KW (thanks LR!), Vista 64bit
Dell Rig: AMD Athlon X2 4000+ (2.1ghz), 2 GB DDR2 Ram, MSI 8800GT (512MB), Vista 32bit
PSN: VICaphit
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Alathald
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Re: Electronic Arts Terminates Discussions with Take-Two
Weren't we all...vicaphit wrote:-note, I was the scrawny nerdy kid in school, I don't really need to hear anything about this comment being mean.
