The share price in GTA IV
owner, Take-Two Interactive, headed south yesterday following news that Electronic Arts was withdrawing its $25.74
(£12 or €18) per share offer for the company.
Seems like loyal stockholders and beady-eyed analysts didn't like the look of nearly $26 per share disappearing with no new GTA
property in sight (outside of the newish Nintendo DS Chinatown Wars
, a PC version and the long, long, long awaited DLC). So, at close of trade yesterday the stock closed at $16.57 (£9.25 or €11.60). This is somewhat down from the $21.89 (£12.20 or €15.40) the previous week or $26.63 (£15 or €18.70) on April 29th - the day of GTA IV's
Still, this is all about those people waiting for the EA deal, pulling out after the anticlimax. They probably put their cash into something solid like Manchester United sponsor, AIG.