Everyone who has harbored ill will towards Electronic Arts, rejoice! EA will not be extending their buyout offer to Take-Two Interactive… again. However, if you think that this is finally the end, think again.

Electronic Arts will sign (or has signed, depending on what hour of the day it is) a confidentiality agreement that will give EA Take-Two’s “in-depth management presentation”.

Take-Two’s CEO Ben Feder did nothing to help calm fanboys nerves in his statement, which more or less was the equivelent of a wink and a nod that EA was going to be their new overlord.

We are continuing to consider all alternatives that will maximize value to our stockholders… We are engaged in discussions with other parties as part of a formal process to generate greater value and will act quickly to assist EA in moving expeditiously through our process.

Over at Shacknews you can read the e-mail exchange between John Riccitiello and Strauss Zelnick, which may or may not bring a tears to the eyes of fanboys everywhere.

I’m sorry.

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