Take-Two and Electronic Arts sign confidetiality agreement, but I'm still skeptical - Zac Bissonnette

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1 pt	Take-Two and Electronic Arts sign confidetiality agreement, but I'm still skeptical
	Aug 26, 2008 02:35 PM UTC

Zac Bissonnette

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ERTS	n/a

Via BloggingStocks:

Filed under: Deals, Electronic Arts (ERTS)

Shares of Take-Two Interactive (NASDAQ: TTWO) are up about 3% today after the company disclosed that it has entered into a confidentiality agreement with Electronic Arts (NASDAQ: ERTS), in a sign that a deal may get done after all. Last week, Electronic Arts let its tender offer expire but said that it would listen to a confidential presentation on the company's operations.

In an 8-K filed with the SEC yesterday, Electronic Arts disclosed the confidentiality agreement and added that its term prohibit the company from commenting publicly on the negotiations until a deal is reached or discussions are terminated.

It's hard to know what to make of this. By getting Electronic Arts to sign a confidentiality agreement, Take-Two has put an end to the tit-for-tat soap opera aspect of this takeover battle. Whether they're serious about...

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TakeTwo Interactive Software Inc (TTWO)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

58.5%

Top:

0.0%

Electronic Arts Inc (ERTS)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

73.5%

Top:

0.0%

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