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Apr-17-2008Take-Two's Holders May Consider EA Bid(topic overview)
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If EA didn't make the offer to buy the company the shares would still be trading at the all time low it was back in february but since they made the offer "public" the shares increased substantially, I know they are direct competiors and all. "Take 2 better not sell to EA. EA owns way to many game company's and if EA took over GTA 4 it would not be as good because EA would never put that violent of a game out they never have and they never will for the love of god " So if ea bought take-two that immediately will make GTA 4 (which should I remind you is DONE and being processed for shipping as we speak) not as good a game? That does not make any sense at all. and EA has released it fair share of "violent" games just in different styles, nothing really compares to GTA so that will have nothing to do with it. [1] EA just got done buyng Bioware for what like almost a billion. Now they want to buy Take Two before GTA IV comes out which might break the great Halo 3 record of 300 million the first week. Its all about the timing of this and its not right. They didn't even mention that they want Take Two for Bioshock which won Game of the Year last year and sold A LOT of copies (sorry if I don't have the numbers for this one). The only game they mention was GTA IV. Nothing esle that Take Two has put out that went on to sell millions of copies, just GTA IV. That doesn't cause a light bulb to go off? Look at what EA has cause. Other companies are merging together. Not because they want to but because they have to. They have to compete with EA. The only good thing for EA taking over Take-Two is that they can get a bigger budget. They don't need it once GTA IV comes out. Honestly I think EA wants Rockstar but Take Two has them. Once they have Take Two, Rockstar will live on but everything esle will die. Then you will see that this is bad. Thats the end of great games, BioShock being the major one. It's good were Crisis, SKATE, Burnout, and the Madden franchise.[1] I'll be waiting. They are trying to convince take-two that their power to get games published would be an advantage, but EA uses that power to publish crap games. and it is partly for the gamers what take-two is doing, because if it was just for money, they would have waited until the holiday season, like EA would do if they bought take-two. All i know is if take-two does give in to EA, they better wait and not let EA get their grimy little hands on GTA IV.[1]
I'm not going to get too excited, I don't wanna jinx it. Btw, I think EA just wanted the money that GTA IV would bring, thats why they were gonna buy em out. It will be like playing games back in the late 80's early 90's and that sucks.[1] If GTA IV wasn't about to come out do you really think EA would be trying to take over Take Two? Name one company that doesn't rush a game out? Every company does.[1]
If GTA 4 tanks, then I think the shareholders are going to have a change of heart with the EA acquisition. Anyone want to bet that the frantically desperate EA will extend the deadline (again) if Take-Two tells EA to take a hike again? I think this whole botched hostile takeover attempt is going to last right up until April 29 with EA raising it's offering price per share and showing everyone how afraid and terrified it really is of Blizzard/Activision now being the largest game publisher in the world. It stinks of cross-marketing.[1] Electronic Arts Inc.' s hostile takeover battle for Take-Two Interactive Software Inc. is likely only in its first round, though events this week could signal whether Take-Two's shareholders are leaning toward the rival game maker's $2 billion offer. At an annual meeting of shareholders Thursday evening, Take-Two -- publisher of the blockbuster Grand Theft Auto game series -- is expected to tally a vote on a proposal to grant ZelnickMedia Corp., the consulting firm that manages Take-Two, 1.5 million shares of restricted stock for its services. If approved, EA has said that proposal -- which has been controversial for its size.[2]
The publisher's annual shareholder meeting kicks off after the markets close tomorrow, and Electronic Arts' $26 per share offer to acquire the company is set to expire just before midnight on Friday. With more than enough on its plate already, at least the publisher no longer has to worry about a shareholder revolt like the one that took place at last year's annual meeting.[1]
EA's $26 per share cash tender offer for the company expires on Friday.[3]
The publisher has been under pressure to sell to Electronic Arts since February, when EA went public with an offer to purchase all outstanding Take-Two shares at what was then a 64 percent premium.[1] The offer totaled roughly $2 billion, which Take-Two execs insisted was undervalued and was an opportunistic attempt to piggyback on the success of Grand Theft Auto IV, which is set for an April 29 launch. As of this writing, Take-Two's shares were trading down $.37 to $25.88.[1]
The only good game they made (half good) was The Godfather. If it wasn't for GTA IV, the company board would have taken this offer in no time 2 months ago.[1] From a business perspective, buying T2 would also get 2k sport, which is only EA's real competitor at that time. If they get T2, EA would save millions in cash not paying for exclusivity rights to NCAA and NFL. If I, or any sane person, were to run a company like EA, I'd be doing the exact same thing. They're not just buying GTA for that one sole purpose as everyone seem to think, they're buying IP's rather than creating one. That would better then buying out companies and buying NFL licences, instead of breaking the back of your competition just make a great game.[1] Somehow I doubt that the handsoff nature of Evil Acquisitions would meddle much with the formula let alone the game itself. Remember they're in business to make money not lose it. GeigerdolylWodd A reminder to everyone tommorrow's Thursday where I live they won't be out of the woods till Friday. I highly doubt they will sell out. That being said? I don't think that Evil Acquisitions' solely after GTA. I think what they really wanted was better graphic engine than the ones they have. I posted about this in one of my blogs. At this point its moot. I think its time someone finally slapped EAs hand and said "BAD EA! No cookie" They seem to think just becasue they are EA they can throw a fit and get what they want.[1]
If GTA IV gets delayed over the greed of EA then I would have to freak. I'm sure they would use the extra months to add bugs and problems to the game.[1]
I think it's rather silly at this point that EA tried to lowball Take-Two shareholders when the newest games in one of the most successful game series is about to be released as an international multiplatform.[1] NEW YORK (Associated Press) - Take-Two Interactive Software Inc., which publishes and distributes "Grand Theft Auto" and other popular video games, said Wednesday that it did not receive any shareholder proposals for consideration at its annual meeting.[3] Take-Two today announced that the April 15 deadline for shareholders to nominate opposing candidates for the company's board of directors or propose other new business has passed without incident.[1]
Publisher says it has received no shareholder proposals in advance of looming shareholder meeting and expiration of EA acquisition offer. [1] The logic is completely flawed here. It is a good business move of EA to get a piece of one of the largest most successful "pies" on the market today, but just by making the offer EA has "helped" the companies value go up.[1]
Although on the other hand, acquiring T2 justs shows that EA is a greedy company trying to dominate the gaming market by buying out creative (and games that will generate good money) other than develop great games themselves.[1] God for bid gamers disagreeing with EA destorying companies that strive to make good games. How dare they.[1]
EA only makes games that they think will appeal to the masses so they are always middle of the road. Keep those greedy EA hands out of what the whole world knows is yours. Those EA %&$#'s ruin everything.[1] Take Two has and EA has as well. Both companies makes great games but don't you got to look through the lines and see the real reason for this.[1]
Because with the release off GTA 4 soon (woot, I have a pre-order in) $2 billion is lower than what T2 is worth (and will be worth), so hold off T2, you don't have to give in to EA's evil ways.[1] Even with news that the release of GTA 4 is expected to blow out all previous sales records, the share price for take two manages to go DOWN.29. They aren't actually developers, but they have the most gain if it does really well.[1]
Take-Two is attempting to fend off a $2 billion hostile bid by Electronic Arts Inc., the world's biggest video game publisher. [3]
SOURCES
1. All quiet on the Take-Two front - Xbox 360 News at GameSpot
2. Free Preview - WSJ.com
3. Take-Two does not get shareholder proposals
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