Deadline Day for EA-Take Two Takeover

May 16, 2008 -

Today is the deadline for shareholders of Grand Theft Auto IV publisher Take Two Interactive to accept Electronic Art's tender offer of $25.74.

So, will the deal get done?

Probably not - at least not today. Forbes speculates that EA will extend its deadline. Adding a little sweetener to the offer wouldn't hurt, either.

Oft-quoted Wedbush-Morgan analyst told Forbes that EA screwed up by making its initial offer too high:

Wedbush Morgan analyst Michael Pachter believes Electronic Arts started by offering too much for the company. EA could have started its bidding at $22 a share, or $1.7 billion...

 

By publicly starting at $26, then a rich 52% premium, EA must have figured Take-Two would jump at the offer. Zelnick Media was, after all, brought on in 2007 to turn around the faltering Take-Two. Instead, Zelnick stonewalled. "EA didn't know how to react," says Pachter.

Meanwhile, analyst Colin Sebastian told the San Francisco Chronicle:

I think it's more than likely the deal gets hammered out. Maybe it happens at a slightly higher price, but it's good for shareholders.

 


Comments

Re: Deadline Day for EA-Take Two Takeover

I'm all for freedom of ttnet vitamin speech and allowing rent a car game makers to put whatever they want in games, but there's one thing about this app that has me scratching my head.  Correct me if I'm wrong, but from araç kiralama the previous article araba kiralama on this I gathered that players can use Google maps in-game to find the other (real-life?) dealers in their area.  If this is the case, has travesti anyone considered what's stopping someone from using this app to actually move drugs between hands for reals?

But majority araba kiralama of their outrage araç kiralama stems from what it could DO TO children, not the content itself.  Talk to one of these people and you'll find they don't think any books kiralık araba should be banned from children.  Mention American Psycho and they talk about kiralık araç the redeeming value of using imagination to construct a story.  Reading, no matter what the content, is largely viewed as a consequenceless activity for people of any age.  The reason why I mention American Psycho is because of the content itself.  Gaming never has and likely never will have any scenes where someone has sex with a severed head.  Not gonna happen.  Yet despite this, they'll fight tooth and nail to protect their children from two boys kissing in Bully but whatever they read is harmless... yeah.

The entire arguement is kiralık oto based upon a social normality inflicted by luddites who can't figure out the controls for Halo so it's frightening and terrifying and obviously the cause of youth violence on the rise even though, in reality, it's in decline (which is actually a HUGE suprise given minibüs kiralama the economies status).  In  a perfect world, we would have parents that actually parent.  The idea of sales restrictions on media on oto kiralama any form to accomidate parental unwillingness to get involved with their child's life is the real problem to me.  Here I am, 32 years old, and being held up at a self-scan rent a car needing to show ID before I can buy a $10 M rated game all because Soccer Momthra can't be bothered to look at the crap Billy Genericallystupidson does in his free time.  It's too hard for her, so I have to suffer?

Re: Deadline Day for EA-Take Two Takeover

2 reasons why this will NEVER happen:

1) EA buying T2 would (probably, but not 100 % sure) qualify as a monopoly and those are bad for the market.

2) R* and T2 are raking in millions (possibly billions by now) from the GTA IV sales. and EA, being the greedy power-hungry pricks they are, want in on the profits.

What I wanna hear:

T2 to EA: We refuse to sell our company to you because you turn awesome studios to shit. FUCK OFF YOU MONOPOLISTIC PRICKS!

 

-GRIZZAM PRIME(c)is property of the U.S. Marine Corp. Wetworks Dept., and also The Incredible Hulk-GRIZZAM PRIME is not to be associated with GRIZZAM 512 or any other GRIZZAM entity under penalty of law, so sayith ZARATHOS.

Reality/////////////////////////////////////Fantasy. Seems like a pretty thick line to me...

Re: Deadline Day for EA-Take Two Takeover

Its amazing how EA said that Take Two had to make a decision by no later than April 16th, they extended that and now they want to extend it again. Just more proof that EA only is in it for the money and not for making good games.

Re: Deadline Day for EA-Take Two Takeover

My guess is that EA will probably end up with a good chunk of Take 2 stock, but not enough to gain controlling interest over the company.

Re: Deadline Day for EA-Take Two Takeover

Good for shareholders? **** the shareholders! Then again, if I bought a ton of T2 stock when it was in the low teens and EA came along and offered me a significant amount more for the shares I'd probably take them up on it too.... Wouldn't mean they'd succeed anyway. I would hope the FTC would step in considering how bad this deal would be for everyone..

Is there a polite

Is there a polite business-speak way to say "the reason we aren't selling isn't money, it's because you guys are complete idiots who buy studios, make them shit out half-baked cash-in games, and then shut them down when these bug-riddled turds don't magically leap off the shelves"?

Re: Is there a polite

Yep, I believe there is a simpler way of saying that. "No"

Re: Deadline Day for EA-Take Two Takeover

In a situation like this, the word "deadline" becomes essentially meaningless when you repeatedly demonstrate your willingness to extend your deadline again and again and again...

Re: Deadline Day for EA-Take Two Takeover

I hope FTC denies this because it would create a monopoly.  Ugh...  EA is destroying games for the purists who enjoy GOOD games that stretch boundaries.

EA has become what Denny's is to the restaurant industry.

-Loudspeaker
"Volume helps to get a point across but sharp teeth are better."

"Volume helps to get a point across but sharp teeth are better."

Re: Deadline Day for EA-Take Two Takeover

No monopolies please.

----
Papa Midnight

Re: Deadline Day for EA-Take Two Takeover

Honestly I am hoping the EA takeover falls through.  Would really hate to see EA do to R* what they did to Bioware.. I was once a big fan of Bioware... Its to late for them (EA controlled copy protect/3 install limit comes to mind) try to learn from mistakes.  Do not repeat the travesty.

Re: Deadline Day for EA-Take Two Takeover

Heh, it's entertaining reading the comments on the Forbes article. Apparentlly Pachter has a history of spouting BS when it comes to TT's stock.

Re: Deadline Day for EA-Take Two Takeover

Good bye Manhunt 3 and GTA *Insert title* Manhunt 3 will get the Thrill Kill treatment from EA and GTA will be dumped down to a T rating and have crappy music and real advertisments. 

Re: Deadline Day for EA-Take Two Takeover

Good bye Manhunt 3 and GTA *Insert title* Manhunt 3 will get the Thrill Kill treatment from EA and GTA will be dumped down to a T rating and have crappy music and real advertisments. 

Re: Deadline Day for EA-Take Two Takeover

I wonder how many times EA will extend the deadline before they give up. Take two isn't willing to be bought for the price that EA is currently asking.

Re: Deadline Day for EA-Take Two Takeover

If they extend it won't it be the second time they did this?

Re: Deadline Day for EA-Take Two Takeover

Hmmm...  I truly hope this deal doesn't go thru, since EA owning R* (and the rest of Take2) is not going to be a good thing.  But generally the exact opposite of whatever Pachter predicts ends up happening,  so I'm a little concerned now

-- mostly harmless

mostly harmless
 
Forgot your password?
Username :
Password :

Shout box

You're not permitted to post shouts.
ZippyDSMleeRyan Rardin:I already own the game I will wait till the PS4 can paly PSX/ps2 games. Really wish they would make a shrt run of 700$ all in one PSX console.....save me a ton of shelf space!04/18/2015 - 5:45pm
PHX Corphttp://www.extremetech.com/computing/203654-leaked-sony-emails-show-mpaas-opposition-to-fair-use-confirms-users-are-viewed-as-thieves Leaked Sony emails show MPAA’s opposition to fair use, confirms users are viewed as thieves04/18/2015 - 10:49am
prh99I'd happily run DBAN on all their servers and back up with a 7 pass wipe.04/18/2015 - 1:07am
Matthew Wilsonmetaphorically speaking of course04/17/2015 - 9:40pm
Matthew Wilsonhttps://soundcloud.com/totalbiscuit/brevity-is-the-soul-of-twit I agree with TB twiter is not good for anything more their links. twiter is a toxic wasteland, and I wish I can nuke it from orbit.04/17/2015 - 9:38pm
MechaCrashI can understand why Sony wants the Pokemon and Smash movie rights, but it's not hard to see why Nintendo wouldn't want to sell to them. Kinda their competitors in the console arena.04/17/2015 - 8:01pm
PHX Corp@MW We won't know until the nintendo General Shareholders meeting if the leaks(From Sony Pictures) is true or not04/17/2015 - 7:55pm
MechaCrashIn GG news: they got kicked out of Calgary Expo for getting a booth under false pretenses and disrupting panels. http://www.themarysue.com/calgary-expo-gamergate-evicted/ How long before they get thrown under the No True Scotsman bus?04/17/2015 - 7:53pm
MechaTama31EZK: Because what if I want to see that website I was looking at a while ago? Well, just keep scanning through my tabs til I see it! There's an aspect of archaeology to it, too. "Oh yeah, I was looking up how to build my own pizza oven. Good times..."04/17/2015 - 6:52pm
Matthew Wilsondo it in the art style of those trailers, and I am on board.04/17/2015 - 5:24pm
PHX Corphttp://mynintendonews.com/2015/04/17/sony-were-apparently-trying-to-get-the-rights-to-a-pokemon-and-super-smash-bros-movie/ Sony Were Apparently Trying To Get The Rights To A Pokemon And Super Smash Bros Movie04/17/2015 - 4:14pm
E. Zachary KnightCan't wait to see the new digs on Saturday.04/17/2015 - 1:41pm
Andrew EisenBy the by, I moved this week so if I dropped a comment thread or two, my apologies for leaving you hanging.04/17/2015 - 12:22pm
Andrew EisenIf I were going to buy Mortal Kombat X, I'd wait for the inevitable Game of the Year edition that includes all the DLC for an overall cheaper price.04/17/2015 - 12:22pm
PHX CorpMortal Kombat X: On Disc DLC Confirmed Read more at http://gamingbolt.com/mortal-kombat-x-on-disc-dlc-confirmed04/17/2015 - 12:17pm
james_fudgeme04/17/2015 - 8:37am
Ryan RardinWho else would like to see The Misadventures of Tron Bonne on PlayStation Classics?04/17/2015 - 2:21am
ZippyDSMleeso I can save my bookmarks and nuke it with a ree install put my bookmarks back reget all my plugins and I am good to go04/17/2015 - 2:15am
ZippyDSMleeMechaTama31: I run 70 tabs and use a suspend plugin to suspend them. i have a folder in my bookmarks that have all my pluings in it04/17/2015 - 2:14am
E. Zachary KnightOnly one question: Why?04/16/2015 - 10:16pm
 

Be Heard - Contact Your Politician