Electronic Arts won't extend Take - Two deadline (thanks Neutronbeam) has word that Electronic Arts will not renew its tender offer to Take-Two after it expires at 11:59 pm tonight. It sounds like between now and then, a meeting will take place where Take-Two will pitch for more cash one last time:

EA said Monday that if it does buy Take-Two, it no longer believes it can integrate the smaller company in time for the crucial holiday season. And ''given the passage of time,'' EA said it needed to review assumptions made to support its offer price of $25.74 per share, or about $2 billion.

Take-Two shares fell $1.54, or 6.2 percent, to $23.30 in premarket trading. Shares in EA fell 24 cents to $48 in premarket trading.

EA already has extended its deadline for the offer five times, mostly to let regulators continue their antitrust review. The company said it would let the offer expire at 11:59 p.m. EDT Monday, saying it ''remains confident that antitrust issues will not prevent or delay a transaction.''

EA also said Monday it would entertain a financial presentation by Take-Two under confidentiality agreements.

New York-based Take-Two has repeatedly rejected EA's offer as too low. Take-Two's management said it would present EA with its three-year product release schedule, financial projections and other nonpublic information meant to support that claim.