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

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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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MaskedPixelanteNah, I'm fine purple monkey dishwasher.07/28/2014 - 4:05pm
Sleaker@MP - I hope you didn't suffer a loss of your mental faculties attempting that.07/28/2014 - 3:48pm
MaskedPixelanteOK, so my brief research looking at GameFAQs forums (protip, don't do that if you wish to keep your sanity intact.), the 3DS doesn't have the power to run anything more powerful than the NES/GBC/GG AND run the 3DS system in the background.07/28/2014 - 11:01am
ZenMatthew, the 3DS already has GBA games in the form of the ambassador tittles. And I an just as curious about them not releasing them on there like they did the NES ones. I do like them on the Wii U as well, but seems weird. And where are the N64 games?07/28/2014 - 10:40am
james_fudgeNo. They already cut the price. Unless they release a new version that has a higher price point.07/28/2014 - 10:19am
E. Zachary KnightMatthew, It most likely is. The question is whether Nintendo wants to do it.07/28/2014 - 10:12am
Matthew WilsonI am sure the 3ds im more then powerful enough to emulate a GBA game.07/28/2014 - 9:54am
Sleaker@IanC - while the processor is effectively the same or very similar, the issue is how they setup the peripheral hardware. It would probably require creating some kind of emulation for the 3DS to handle interfacing with the audio and input methods for GBA07/28/2014 - 9:30am
Sleaker@EZK - hmmm, that makes sense. I could have sworn I had played GB/GBC games on it too though (emud of course)07/28/2014 - 9:23am
E. Zachary KnightSleaker, the DS has a built in GBA chipset in the system. That is why it played GBA games. The GBA had a seperate chipset for GB and GBColor games. The DS did not have that GB/GBC chipset and that is why the DS could not play GB and GBC games.07/28/2014 - 7:25am
IanCI dont think Nintendo ever gave reason why GBA games a reason why GBA games aren't on the 3DS eshop. The 3DS uses chips that are backwards compatable with the GBA ob GBA processor, after all.07/28/2014 - 6:46am
Sleakerhmmm that's odd I could play GBA games natively in my original DS.07/28/2014 - 1:39am
Matthew Wilsonbasically "we do not want to put these games on a system more then 10 people own" just joking07/27/2014 - 8:13pm
MaskedPixelanteSomething, something, the 3DS can't properly emulate GBA games and it was a massive struggle to get the ambassador games running properly.07/27/2014 - 8:06pm
Andrew EisenIdeally, you'd be able to play such games on either platform but until that time, I think Nintendo's using the exclusivity in an attempt to further drive Wii U sales.07/27/2014 - 7:21pm
Matthew WilsonI am kind of surprised games like battle network are not out on the 3ds.07/27/2014 - 7:01pm
Andrew EisenWell, Mega Man 1 - 4, X and X2 are already on there and the first Battle Network is due out July 31st.07/27/2014 - 6:16pm
MaskedPixelanteDid Capcom ever give us a timeline for when they planned on putting the Megaman stuff on Wii U?07/27/2014 - 2:23pm
MaskedPixelanteIf by "distance themselves from Google Plus" you mean "forcing Google Plus integration in everything", then yes, they are distancing themselves from Google Plus.07/26/2014 - 12:20pm
MechaTama31I wish they would distance G+ from the Play Store, so I could leave reviews and comments again.07/26/2014 - 11:03am
 

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