Gamecyte writes: "February 22nd. April 11th. May 16th. June 16th. July 18th. What do these disparate days have in common? They're all seemingly arbitrary 'expiration dates' by which Take-Two or its shareholders had to either fork over the company to Electronic Arts in exchange for $25.74 per share, or risk the unthinkable - a one-month extension. CNET reporter Daniel Terdiman wrote that EA was losing its credibility after the third such elapsed expiration, one month ago today, but now we're on take four. Why persist? What's in it for EA other than a summary dismissal?
I just got off the phone with Wedbush Morgan Securities analyst Michael Pachter, and the answer is: a lot."