Deadline passes on EA's Take-Two bid

Company's stock closed above bid price Friday

The $2 billion hostile bid by Electronic Arts for Take-Two Interactive Software expired Friday night, but analysts are looking for the giant video game company to extend its offer.

EA already extended its bid once but dropped the per-share offer from $26 to $25.74 because Take-Two issued additional shares. Take-Two stock, though, was at $27.10 on Friday, leading analysts to believe EA has not had success in convincing investors to tender their shares at less than market value.
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