Stock market site Seeking Alpha says EA may have exhausted all its options where Take-Two is concerned.
Another day, another rumor where a potential EA-Take Two merger is concerned. Stock site Seeking Alpha reports on what it calls an unusual change of shares.
The site learned the price drop of Take-Two shares stemmed from reports that the on-again, off-again merger talks between Take-Two and EA are off again. Both companies had been engaged in private talks after numerous deadlines EA had set in hostile takeover attempts expired.
The rumors about EA walking away caused Take-Two shares to drop from $24.51 to $21.34 per share. The way these talks have gone though, it would be impossible to conclusively say things are over.
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