Washington (OTL) - Electronic Arts is apparently set to stop the push to get Take-Two to accept a takeover bid.
EA sent in their first takeover bid to Take-Two not too long ago, and has since been pushing to get a deal done.
EA was nearly set to make it official, as they were hoping to takeover the publisher of the Grand Theft Auto game series.
They have since failed though, and EA appears set to back down, as they will not extend their bid,
Electronic Arts CEO John Riccitello made it clear the company will not extend the bid, writing to Executive Chairman of Take-Two, Strauss Zelnick.
The plan right now is for EA to re-evaluate their bid and then move forward from there.