Take-Two and Electronic Arts have seen their share prices fall after the latter axed plans to acquire the Grand Theft Auto publisher.

Take-Two shares fell $1.12 cents, or 5.1 percent, to $20.77 in German trading on Monday morning, Bloomberg reports.

Take-Two has declined from a high of $27.65 on June 5, although its stock is still 26 percent greater than it was before Redwood, California-based EA announced plans to acquire the publisher back in February.

Electronic Arts shares, which have fallen 23 percent this year, also took a hit in Europe on Monday, dropping three percent to $43.66.