LONDON, Feb 9 The Dow and the S&P 500 eased from record highs today as investors digested recent gains while awaiting progress in passing a proposed US$1.9 trillion (RM7.7 trillion) stimulus plan. The tech-heavy Nasdaq, on the other hand, hit an all-time high for the fifth consecutive.
U.S. stock index futures dipped on Tuesday as investors moved to the sidelines a day after Wall Street closed at all-time highs with focus squarely on earnings reports and progress in the Biden administration’s $1.9 trillion stimulus plan. Big U.S. banks slipped in premarket trading after the banks index jumped about 11% in the past .
Take-Two Interactive No Longer Bidding on Codemasters
Paving the Way for EA to Seal the Deal
Over the last couple of months we’ve been following a sort of bidding war for the acquisition of racing game developer, Codemasters. In early November Take-Two announced that they would be purchasing the F1 developer for a hefty sum of $973 million USD, that is until December when EA put in a counterbid of $1.2 billion USD.
It wasn’t clear at the time how these competing offers would play out, but today, Take-Two Interactive has announced that their offer has officially lapsed.
“As noted in the Scheme Document (the “Scheme Document”) dated November 30, 2020, Take-Two was entitled to lapse the offer if the Court Meeting and General Meeting were not held on or before the 22
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