Take-Two agrees to outline its three-year product plan.
Reuters reports that EA and Take-Two have signed a confidentiality agreement after agreeing to hold private talks about a potential transaction.
EA's hostile pursuit of Take-Two was dropped after the publisher agreed to outline its three-year product plans.
"As a result, EA does not intend to make any further announcements regarding the status of any discussions or negotiations with Take-Two unless and until discussions between EA and Take-Two have been terminated or such parties have entered into a transaction," EA said in a regulatory filing with the U.S. Securities and Exchange Commission.
Previously EA's offer to buy Take-Two for $25.74 a share - approximately $2 billion - in April was rejected as too low.
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