Take-Two to sign with EA

Take-Two says it expects to sign a confidentiality agreement with EA allowing EA to enter into Take-Two’s formal process to evaluate strategic alternatives. Which basically means they’re about to settle into some sort of talks.

Strauss Zelnick, chairman of Take-Two, said, "We welcome EA into our formal process and look forward to demonstrating to their Board the significant strides made by Take-Two since they last undertook a detailed review of our business in early 2007.