The deadline for Take-Two Interactive Software shareholders to agree to a buyout by Electronic Arts has passed with neither firm commenting on the takeover bid's fate. May 16 was the deadline put by EA for Take-Two shareholders to agree to the offer of a share value of 26$ apiece. Earlier Take-Two board of directors had rejected EA’s bid of 2 billion dollar offer and this took EA to make the offer directly to the shareholders.

The astronomical success of GTA 4 – the latest game title from Take-Two and the upcoming movie project by Universal Pictures based on Take-Two’s highly successful Bioshock game is believed to have placed a lot of pressure on EA to raise the take over amount.