Europe is in recession now, with a major uncertainty about the timing of its recovery.

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Recharge Magazine said a source had told them the delay was partly down to minor issues in the planning process, but also "partly due to industry uncertainty over the timing of projects, in the context of the UK government's electricity market reform (EMR) programme".

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We believe that moving quickly to negotiate and conclude our proposed merger is in the best interests of Take-Two and EA. Waiting for a later date leaves open significant uncertainty regarding the timing, the probability and the value of a potential transaction, and is not in the best interests of either company or Take-Two's stockholders.

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But according to Bridgewell Securities analyst Geoff Miller, regulatory uncertainty could delay the timing of a Euronext bid.

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In our humble acknowledgement of the continuous uncertainty of the markets, and our steadfast avoidance of risky timing bets to protect our clients and their ability to achieve their goals, you might ask if we would ever change our position.

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