Take Two Still independent

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.

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