Take-Two Stock Falls 30% After EA Pull Out

After the news of EA leaving talks to buy Take-Two emerged over the weekend, Take-Two’s stock price plummeted by almost 30%.

On Friday afternoon, T2 stock was sitting at a comfortable $22. But when trading opened on Monday morning, more than $6 per share had been wiped clean leaving it at a measly $16. Around the same price the stock was at just before EA announced their interest in buying the company back in February.

Still, what’s bad news for investors is usually good news for gamers. With EA out the picture the the whoring out of Take-Two’s franchises will move from the inevitable category, to the slightly-lesser, likely category. I’m looking at you BioShock.

Via: 1up