Shares in Take-Two fell 5.6 percent in Nasdaq trading on Wednesday on concern that Electronic Arts’ potential acquisition of the company might fall through.

According to Bloomberg, Take-Two tumbled $1.37 to $23.07 at 4pm New York time, its biggest decline since November.

“There was some chatter going around that the deal might be in trouble, purely rumors,” said Cowen & Co analyst Douglas Creutz. “There's nothing factual.”

Shares in Take-Two, which will report it third quarter financial results later on Thursday, have gained 26 percent this year.