Electronic Arts won't extend Take-Two deadline (AP)

EA had said earlier it wouldn't extend the Monday night deadline for its $2 billion tender offer to buy Take-Two. The companies have been unable to agree on a price for the past six months.

Software to post entry to multiple blogs.

Now, EA says that if it does buy Take-Two, it no longer believes it can combine the company in time for the holidays, when video game companies make most of their money. Because of this, EA said it needs to review assumptions made to support its offer price of $25.74 per share. On Monday, EA said it will entertain a financial presentation by Take-Two under confidentiality agreements . Take-Two's management said it plans to present EA with its three-year product release schedule, financial projections and other nonpublic information meant to support its claims of what the company is worth.

Full Story: Electronic Arts won't extend Take-Two deadline (AP)