Last week the Federal Trade Commission cleared EA’s proposed acquisition of the Grand Theft Auto publisher following a lengthy investigation by its Bureau of Competition, but EA allowed its long standing offer for Take-Two of $25.74 per-share to expire.
EA and Take-Two subsequently announced plans to continue talks behind the scenes.
“As a result, EA does not intend to make any further announcements regarding the status of any discussions or negotiations with Take-Two unless and until discussions between EA and Take-Two have been terminated or such parties have entered into a transaction,” reads a new SEC filing.
“As previously disclosed, EA now requires due diligence to support any proposal to acquire Take-Two and there can be no assurance that any proposal, negotiations or transaction will result.”