Looks like Take Two will not be part of EA after all. According to this Gamasutra article, Take two will remain independent. The success of Grand Theft Auto IV infused a lot of cash to Take Two that made it sustain a strong negotiating position with EA. However, looking at Take Two’s stock today, they are valued at $15.16. EA’s offer was to buy them for $25.74/share.
Take-Two CEO Ben Feder says:
Our strong cash position – with no debt and an undrawn $140 million credit facility – gives us the financial flexibility to continue to do what we do best: innovate and create the great games that our customers have come to expect.
Say what you want Ben, your stock value is more than $10 less per share.