However, Zelnick did not entirely rule out the possibility of a takeover, as the board continues to assess "informal conversations" with and "expressions of interest" from third parties. He assured shareholders that the board was doing everything in its power to increase the value of the company, a strategy that could, in the future, include combining with a third party. Zelnick declined to "speculate" on today's news that the FTC has requested additional information from EA regarding the proposed takeover bid. Zelnick also refused to comment on the possibility that he or the board has signed confidentiality agreements.
Posted on Oct 22nd 2014 5:00PM
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