Share price falls
The maker of Grand Theft Auto has seen its share price plummet after EA games has announced that it will not be buying the company.
Take-Two has said that it will be an independent company for the foreseeable future. Most analysts think it will a long time before anyone will offer the more than $2 billion which EA stumped up with. Take-Two's stock plunged $5, or 23 per cent, stripping it of any gains it has had this year. You can buy a Take-Two share for $16.89 and EA offered $26 per share for Take-Two.
France's Ubisoft has been named as a potential buyer, but has not made a public offer and there are a couple of Asian companies sniffing around. However, no analyst thinks any of them can come up with the readies.
However, Take-Two is not suffering from going it alone, either. It has no debts and is one of the most successful game franchises in the industry.