Take-Two set to stay independent

FROM VARIETY: Stock plummets after EA declines to raise bid

By Ben Fritz of Variety -- Video Business, 10/3/2008

OCT. 3 | FROM VARIETY: Take-Two is staying solo.

The Grand Theft Auto publisher announced Thursday that it has ended its review process for potential acquirers or strategic deals.

Take-Two previously said it was in discussions with numerous companies about a potential purchase of Take-Two or a partnership pact.

Electronic Arts was the only company to go public with a bid, however. Its seven-month public pursuit of Take-Two ended last month after EA declined to raise its $2 billion bid.

Read the full story on Variety.com.

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