Electronic Arts' infatuation with rival video game maker Take-Two Interactive have been anything but secret, nor has Take-Two's rejection. In late February, Take-Two publicly rejected EA's unsolicited takeover bid worth roughly $2 billion, a move Take-Two accused of being "opportunistic" with Grand Theft Auto IV nearing release. Not taking the rejection well, EA threatened with a hostile takeover in the following months, but has since backed down.
Now it appears the two game makers may be on the road to recovery, but unlike the previous spats, the current negotiations are being kept secret . According to EA's recent regulatory filing, both companies have signed a confidentiality agreement after agreeing to hold private talks about a potential transaction.
"As a result, EA does not intend to make any further announcements regarding the status of any discussions or negotiations with Take-Two unless and until discussions between EA and Take-Two have been terminated or such parties have entered into a transaction," EA wrote.
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