EA's deadline for Take Two shareholders to accept their offer of $25.74 a share, up from the original price in February of $15.50 meaning the shareholders of Take Two haven't sold out as they believe the price offered by EA was undervalued, this is good news for anyone who likes a competitive market with small companies that make original content such as Rockstar games who are owned by Take Two.
The main aim of EA was to get in and buy up the shares before the release of GTA and therefore reap the profits from it. A secondary options which is why the deal has only been abandoned now was to hope that GTA wasn't a great success so shareholders would cut their losses and sold up, however as sales and profit reports have shown this obviously isn't the case.
One thing that shows EA undervalued Take Two's worth is the current share price which of course was artificially inflated by EA as show here:
Take Two Share Price
As you can see from the graph in February the share price massively rose when EA made the offer, however the thing that shows that EA have undervalued the shares is that now the deal has been taken off the table the share price hasn't fallen. It is now current at $27 which was above EA's original offer of just under $26, therefore showing this is now the worth of the shares and I can't see them doing anything but increasing in the near future with GTAIV's further sales revenue.
Unless EA decides to come up with a lot more cash, such as $30-$35+ a share they aren't going to be getting any of this pie.