Electronic Arts is likely to extend its offer to buy Take-Two, according to a report by the Wall Street Journal.
The official offer from EA expired last week, with neither company making any official announcement regarding progress.
Earlier this month, EA's VP of corporate communications Jeff Brown told GamesIndustry.biz that the company "was not desperate and there's not a clock ticking," over the acquisition, as the longer it takes, the less valuable Take-Two will become.
"EA's not desperate. Part of our business model for making this thing work at USD 2 billion is the assumption that if we can get this done in time to publish their games going into Christmas holiday in '08 – because EA has an unchallenged publishing capacity around the world – we could without question sell more units of those games than they could if they were on their own," stated Brown.
GamesIndustry.biz has contacted Electronic Arts for further confirmation.