Electronic Arts: We're Not Raising Take-Two Offer - Yet (ERTS, TTWO)

Electronic Arts’ response to Take-Two’s formal dismissal of its $2 billion, $26/share buyout offer: Some paperwork. Technically, EA (ERTS) is extending its offer for an extra week, and carping about the poision pill Take-Two (TTWO) created earlier this week. What it didn’t do: Raise its bid.

So essentially we’re at the same place we’ve been at for several weeks: EA wants to buy Take-Two, Take-Two says it’s not offering enough — but no other buyer has offered more.

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