The performance of Rockstar Games' Grand Theft Auto IV (PlayStation 3, Xbox 360) back in the prime of springtime was a grand turnout for both the developers and publisher Take-Two Interactive. For all it's million selling feats though, it couldn't improve the sales of either Microsoft or Sony's next generation consoles. And as you can guess, the Nintendo Wii reigns supreme over all in hardware sales by as much as 3 to 1. Get the facts straight at the full story.

After GTA4, you'd think this hullabaloo would be over. But it isn't. Analyst Colin Sebastian of Lazard Capital says that new developments over the proposed buyout of Take-Two Interactive would come next week, and that Electronic Arts would likely have something new to add to their offer.

Will Take-Two eventually give in to Electronic Art's "furtive" nudges (remember, they're not desperate)? In a recent announcement, EA stated that it already secured a loan worth US$ 1 billion in preparation of the big merger if it pushes through. Will it, perhaps? The details in the full article.

EA vehemently stated that it was "not desperate" to acquire Take Two Interactive. The latest deadline given to the Grand Theft Auto creators was due to expire this May 16 with still no response from the company. Jeff Brown, EA VP of corporate communications, had a few choice words regarding the initiative to acquire Take Two. Find out what he had to say in our full article after the jump.

EA Sports can be considered one of the strongest brands in the video game industry. Peter Moore, the president of EA Sports, recently spoke about the image of his company, its current stand on acquisitions, as well as his experiences of working at Electronic Arts as the president of one of their labels. If you're interested to hear what he had to say, head on over to the full article.

It seems like Electronic Arts still won't be getting their hands on the Grand Theft Auto creators any time soon. Despite receiving a newly revised offer, Take Two's Strauss Zelnick criticized EA's actions saying it was once again undervaluing their company. You can read more about what the Take Two chairman had to say in response to EA's offer in our full article.

Electronic Arts has decided to wait a bit more for Take-Two Interactive to reconsider its offer for acquisition. The Grand Theft Auto 4 (Xbox 360, PlayStation 3) publisher now has until the 16th of May to say yes to the giant's proposal. However, EA has lowered its per-share purchase rate by 24 cents. All the details follow after the jump!

It seems like Electronic Arts still hasn't given up its hopes of acquiring Take-Two Interactive. It was reported that EA recently submitted a second information request to the Federal Trade Commission about its proposed acquisition of the company behind the Grand Theft Auto franchise. For more details regarding this, check out our full article after the jump.

With only a couple of days left before Electronic Arts' US$ 26 per share offer to Take-Two Interactive expires, the publisher of the Grand Theft Auto series will hold its annual shareholder meeting to discuss about a variety of things. A recent statement released by the company today mentioned that it did not receive any additional shareholder proposals for consideration. For more details about the upcoming meeting this Friday, read more about it in our full article.

Take-Two Interactive Software, the distributor of Grand Theft Auto 4 (Xbox 360, PlayStation 3) and other games, has given word that it is planning to expand into Asia Pacific markets. The company has tapped an experienced senior executive to help them establish a foothold in Asia. For more information, don't hesitate to click on the "read more" link below.