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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Andrew EisenOoo, this one came down to the wire! https://www.kickstarter.com/projects/749082525/nefarious09/19/2014 - 1:03am
Andrew EisenI don't doubt that many are truly interested in journalistic integrity. The problem I'm often seeing is they seem to have no idea how or where to talk about it.09/18/2014 - 11:46pm
Andrew EisenDidn't word that well. Busy at work. I've seen people claim that GamerGate is solely about ethics and transparency in games journalism and then go on to show that what they're really after is silencing those who talk about gender issues in games.09/18/2014 - 11:45pm
Kronodebate. Becaus apparently people who only post on Reddit are supposed to police twitter before they're allowed to question anything about the people involved.09/18/2014 - 10:40pm
KronoI highly doubt many, if any are using journalistic integrity as a cover for harassment. The people harassing are essentially trolls. They aren't interested in subtle. More often it's othe other way around. People use "but X is being harassed" to shut down09/18/2014 - 10:38pm
Andrew EisenAnd exacerbating everything is the fact that all the cries of ethics violations have been obnoxious and easily proven false.09/18/2014 - 8:59pm
Andrew EisenProblem is, I would imagine, the sheer number of people who are using journalistic integrity as a cover for their harassing actions or only bringing it up on the false pretense of journalistic integrity.09/18/2014 - 8:47pm
Andrew EisenHaving said that, I can certainly see how one would be frustrated if they truly just wanted to talk about journalistic integrity and someone said they were one of the people harassing Sarkeesian, Quinn and others (though I've seen no examples of that).09/18/2014 - 8:44pm
KronoThat's been the common refrain, that talk of journalism ethics is just an excuse to harass people.09/18/2014 - 8:44pm
KronoLines like "like a partial compromise with the howling trolls who’ve latched onto ‘ethics’ as the latest flag in their onslaught against evolution and inclusion." are taring everyone questioning the ethics as a harasser.09/18/2014 - 8:43pm
Andrew EisenKrono - Except, none of the articles were talking about gamers complaining about journalist ethics, let alone called them white male misogynists. They were talking about the gamers who were harassing others.09/18/2014 - 8:36pm
Kronomakes plenty of sense. It's rather hard to dismiss someone as a white guy running a sock puppet when they've posted proof they're a woman, or black, or another minority.09/18/2014 - 8:32pm
Kronothat any critics of journalists were white guys that hated women, and could be dismissed as such. It seems to have helped some. It's kind of difficult to maintain the white guy narrative in the face of a bunch of women and non-white guys. So the tag09/18/2014 - 8:32pm
Kronothat, someone vented on a #gamergate 4chan thread about being dismissed like that. The suggestion they got in return was to organize their own hashtag in response, with #NotYourShield being suggested. Thus the tag came into use to combat the undercurrent09/18/2014 - 8:32pm
Kronomuch more general problem. And while several of the articles were fairly tame, they spured a bunch of people to dismiss any critics of the journalism involved as misogynistic men. Usually with insults aimed at the geek stereotype. After about a week of09/18/2014 - 8:32pm
Andrew EisenSleaker - Not sure what that has to do with anything but yeah, the gender percentages differ depending on how the study defines what a gamer is.09/18/2014 - 8:32pm
KronoThe rhetoric pushed by the spearheading articles that the "gamers" complaining about journalist ethics were just angry white male misogynists, insulted a lot of people that were previously fairly neutral. It made it go from a Kotaku problem, to a09/18/2014 - 8:31pm
Krono@Andrew I'm not surprised overlap exists. I expect much of it is a rush to jump on the bandwagon, either by reporting on the original articles, or rushing out their own. The point is that was a major flashpoint, much bigger than the reddit mass deletion.09/18/2014 - 8:31pm
Sleaker@AE - well the gamer trend was described with stats on Factual Femenist. Only 1 in 7 males plays games 20+ hrs going into college vs 1 in 40 females. So gaming is definitely still male dominated despite fake stats trying to say otherwise.09/18/2014 - 8:30pm
Craig R.Do conspiracies ever make sense? The fact that people are now having to defend themselves against nutjob websites like Breitbart.com shows how far down into the rabbit hole we've all been forcibly dragged.09/18/2014 - 7:05pm
 

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