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
 
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MonteThough from a business side, i would agree with the article. While it would be smarter for developers to slow down, you can't expect EA, Activision or ubisoft to do something like that. Nintnedo's gotta get the third party back.02/28/2015 - 4:36pm
MonteThough it does also help that nintendo's more colorful style is a lot less reliant on graphics than more realistic games. Wind Waker is over 10 years old and still looks good for its age.02/28/2015 - 4:33pm
MonteWith the Wii, nintnedo had the right idea. Hold back on shiny graphics and focus on the gameplay experience. Unfortunatly everyone else keeps pushing for newer graphics and it matters less and less each generation. I can barely notice the difference02/28/2015 - 4:29pm
MonteON third party developers; i kinda think they should slow down to nintendo's pace. They bemoan the rising costs of AAA gaming, but then constantly push for the best graphics which is makes up a lot of those costs. Be easier to afford if they held back02/28/2015 - 4:27pm
Matthew Wilsonhttp://www.forbes.com/sites/insertcoin/2015/02/28/the-world-is-nintendos-if-only-theyd-take-it/ I think this is a interesting op-ed, but yeah it kind of is stating the obvious.02/28/2015 - 2:52pm
prh99The government probably doesn't need an app, but I was think more along the lines of a company that was going to sell the collected info. “If you're not paying for the product, you are the product” sometimes even if you pay.02/28/2015 - 1:50pm
E. Zachary KnightWhat better way for the government to keep track of you than to get you to install an app that lets you insult the government.02/28/2015 - 11:03am
prh99No, but I looked it up and it's basically spyware. Their privacy policy says their apps tracks among other things your location and browsing habits via cookies.02/28/2015 - 8:20am
Ryan RardinHas anyone here heard of an app called iCitizen? It's basically Yelp for politicians.02/28/2015 - 5:16am
Andrew EisenAh, not linked in the way you (and everyone else) want and expect. That's true.02/27/2015 - 10:06pm
Matthew Wilsonthey are not linked in a way that tracks purchases though. the fact that they have to send a code for the other system shows that they are not linked in the way it counts.02/27/2015 - 9:39pm
Andrew EisenAccounts are already linked. Have been for quite a while. Also, Mario vs. Donkey Kong was announced as a cross-buy title during last January's Nintendo Direct.02/27/2015 - 9:25pm
Matthew Wilsonhttp://www.vg247.com/20…/…/27/olli-olli-3ds-wii-u-cross-buy/ I wounder if this is a sign that Nintendo may finally link accounts across the 3ds/wiiu in the near future.02/27/2015 - 9:18pm
prh99http://www.romanoriginals.co.uk/invt/70931?colour=Blue The dress does comes in white and blue but both have black lace and a sheer back top, I don't see gold or brown. 02/27/2015 - 8:54pm
ZippyDSMleeDungeons was a so bad so good game to me so I been keeping up with its sequel which will more of a Dungeon Keeper clone. As for pre order out of 7 preorders I was not burnt by 2... Add my contempt of most of modern game design.Ya I have all kinds of hurt.02/27/2015 - 8:40pm
MechaTama31I don't even want to know...02/27/2015 - 8:22pm
ZippyDSMleeFun? I can do fun…. I think LOL. Dungeons 2 is on preorder but not via steam... >> Hell I am breaking all kinds of personal butthurt rules to even THINK about pre order...02/27/2015 - 8:12pm
E. Zachary KnightHad some fun discussions about that dumb dress on Facebook. I opened the original picture in GIMP and sampled the colors and determined them to be Blue and Gold. People still say I am wrong.02/27/2015 - 7:41pm
ConsterTime for something completely different: #teamwhiteandgoldllama!02/27/2015 - 7:27pm
ZippyDSMleeAndrew Eisen: I'll try. ^^02/27/2015 - 5:40pm
 

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