The offer, which valued the company at an impressive $2 billion, has slipped away with no actions from shareholders. This was a revised offer from EA set on April 17th and was due to expire last Friday, May 16th. Since the deadline passed, no-one from either company has made any comments. Last Friday, Meg Maise, Take-Two spokeswoman, said "There is nothing going on right now... It is in [EA’s] court."

The revised offer placed the share price at $25.74, down from its $26 per share offer made in February. The original offer was rejected by the board who thought it undervalued the company, and that EA was “attempting to take advantage of our upcoming release of Grand Theft Auto IV.” It was believed EA wanted to complete the takeover before the launch of Grand Theft Auto IV. And for good reason, as the game went on to break all sorts of sales records worldwide.

Take-Two’s shares are currently valued higher than EA’s offer, at just over $27; this could help explain shareholders reluctance to accept the offer. The successes of Grand Theft Auto IV could now mean that shareholders are hoping for an increased offer from EA.

However, don’t expect this saga to end here; the Wall Street Journal has recently suggested that EA could expand its deadline, so watch this space.