An interesting rumor is circulating the business world today that indicates Electronic Arts has pulled out of merger talks with Take-Two Interactive.
No information was leaked, and no announcements were publicly made, but the stock price of Take-Two went on a roller coaster ride around the time of the conference.
Take-Two is expected to release their earnings statement tomorrow. It is expected that the company will announce positive earnings, and that only serves to make EA's possible departure all the more perplexing.
We'll have more information as it is made available.
Source (via G4TV)
Yesterday's session featured some strange exchanging of Take-Two Interactive Software Inc. shares, just one day before the company is set to release earnings.
There was no news released, though Barron's later said that the price decline was due to rumors about Electronic Arts Inc. walking away from merger talks. EA had an executive speak at a conference right around noon.
There was no news released, though Barron's later said that the price decline was due to rumors about Electronic Arts Inc. walking away from merger talks. EA had an executive speak at a conference right around noon.
No information was leaked, and no announcements were publicly made, but the stock price of Take-Two went on a roller coaster ride around the time of the conference.
Take-Two is expected to release their earnings statement tomorrow. It is expected that the company will announce positive earnings, and that only serves to make EA's possible departure all the more perplexing.
We'll have more information as it is made available.
Source (via G4TV)