BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

September 14, 2008 -

It's official - Grand Theft Auto V will not be released under the Electronic Arts brand.

EA has just issued a press release announcing that it has decided not to continue its lengthy pursuit of Take-Two Interactive.

The two sides have been talking, but those negotiations appear to have broken down. At this point it's unclear what made EA decide to give up its nearly seven-month long bid to acquire T2. From the EA release:

Electronic Arts... today announced that while EA continues to have a high regard for Take-Two's creative teams and products, after careful consideration, including a management presentation and review of other due diligence materials provided by Take-Two... EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two.


EA CEO John Riccitiello (right) commented:

EA is tracking toward a record breaking year. We're launching 15 new games including award-winners like SPORE, Dead Space and Mirror's Edge, great new titles from the Sims, new family titles with Hasbro, and the highest quality slate of EA SPORTS titles on this generation of consoles. We're also expanding beyond our core business with a series of direct-to-consumer launches including Warhammer Online.
 

UPDATE: Take-Two has issued a press release of its own, with chairman Strauss Zelnick (left) saying:

We remain focused on creating value for our stockholders and our consumers. This has been our goal since EA launched its conditional and unsolicited bid six months ago, a bid which was repeatedly rejected by our stockholders. As part of that commitment, we remain actively engaged in discussions with other parties in the context of our formal process to consider strategic alternatives. We're especially proud of the success we've enjoyed over the past eighteen months and we remain confident in our ability to generate value for stockholders.

GP: Expect T2 stock to take a big hit when the markets open in the morning. TTWO closed at 21.65 on Friday amid expectations that an EA-T2 deal would get done somewhere north of the 25.74 tender price that EA offered earlier. Prior to EA's expression of interest, T2 had been trading in the 17 range. With EA now out of the picture, T2 shares will likely be heading south.


Comments

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

This zzzzzz guy is obviously at troll, just ignore him and he'll go away. The big JT stopped posting here months ago, although it's not like he really had a life to get back to.

Getting back on topic, WHOOOOOOOOOOOOOO!

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

nope, it's the real deal, dennis confirmed it a couple weeks ago when JT emailed him the same thing he posted under the same name (which was a string of random letter similar to this guy)

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

That doesn't stop any other random troll from doing the same.  You will notice that he cannot spell and he capitalises every word entered after a comma.  Jack has NEVER done this and whilst people like to raise him to rank of idiot, his multiple court filings show that he is mostly competent when it comes to grammar and spelling.

Personally I think this is an OBVIOUS fake.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

why is everyone crying in joy?

EA still bought like 20% of TT shares during the process, and has apparently only walked away from formal merger talks. Their march in the other direction will make TT's stock price fall, which could enable EA to buy them up cheaper than if TT had accepted the deal months ago.

This is still possible.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Sounds like EA to me.

Party's over people, everyone go home.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Won't make a difference if the shareholders aren't willing to sell.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I dont need proof when its all right here in GP,And i wonder why?, quite the opposite, Im avenging those that died from wasteful killing machines called video games, You pseudo-intellect GP users are very crude and lacking in comebacks and a waste of tax dollars,Tell your site admin if he's reading this, he might just as well support the side of perverts like zelnick and murdering Nazi's like GP and Rockstar entertainment.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Avengin? As in vengance JT? As in "Vengence is Mine, thus sayeth the Lord." Isn't that a tad bit presumptuous of you to be speaking for God like that?

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

WE'RE a waste of tax dollars?

According to that guy who drafted that one Louisiana video game bill and kept saying it was constitutional?

So who's the waste of tax dollars NOW?

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

We lack in comebacks and happen to be crude? Now now Jack, this would be a 'pot calling the kettle black' case once more. You do have a lot of those. Now Jack, once again...time to re-learn your grammar back in grade school. You are avenging no one. You are not acting as a faithful christian. You acted as a spoiled brat, who wanted a big fight and started many. Guess what happened? You got burnt in the end. Learn your lesson, Jack...it might do you some good.

Calling people Nazi's and perverts usually just get you into more trouble than you already are.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

hey look, don't play into this guy's bullshit, just ignore him, he'll go away and fap off to porn after a while ;)

Jesus Jack Jones Thompson told me to do it!

Jesus Jack Jones Thompson loves you, so kill for his amusement so we can get money for the new "People's Temple of Jesus Jack Jones Thompson"

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

"Avenging"?

By....what....making money from their grieving parents? Jack, you're a broken record and you should be far more worried about how you intend to sustain that cosy little fundamentalist Christian lifestyle when the Bar tears up your license and no reputable media will invite you to spew your nonsense anymore.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Yes Jacky,Enlighten us on your proof of the shooters motives for NIU, Were waiting...

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

 Yes great news no EA T2 deal and Jackies disbarrment, i'm opening up the vodka who's with me!

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Gin and tonic for me! thank god!

Jesus Jack Jones Thompson told me to do it!

Jesus Jack Jones Thompson loves you, so kill for his amusement so we can get money for the new "People's Temple of Jesus Jack Jones Thompson"

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Quite on the Contray Kurisu,We recenlty had a school stabbing one month ago,And i believe bully is to blame, And the NIU shootings was caused by prepatrators like Rockstar and the remaining industry itself, along with Valve and Counterstrike.   Jack Thompson, American Hero

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Details, whacko. You are aware that you can't even get a knofe in Bully, right?

 

But then, your creer has never been founded on the truth, has it

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Wow, Mr. Thompson. One attack. In over TWO YEARS.

You promised an 'epidemic.' One attack in that span of time an epidemic does not make. It makes a single crazy kid who was pushed too far.

David "DavCube" Gagnon, Sane Human Being, and You're Not

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I'm Sorry Jack Thompson but your attorneyship is in another castle.

When Life gives you lemons, you find a new god.

When Life gives you lemons, you find a new god.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Dude, fuck off. Too many arguements have been wasted on you, so let's just leave it at that.

 

-Remember kids, personal responsibility is for losers! For information on games and psychology, look up: Jonathan Freedman(2002)Block & Crain(2007) Just to name a few...

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

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

on the contrary zzzzzzzzz, Steven Kazmierczak wasn't employed by Rockstar nor Valve

岩「…Ace beats Jack」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Don't you dare insult Valve. 

Which school shooting are you talking about?

 

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

He insults the dead all the time.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

yeah he does. 

JT reminds me of Gollum without the self-pity.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Ok then, link us to the news article.

Details Thompson

ANd again, our REAL American heroes are half a planet away fighting and dying to protect our freedsom while YOU work to overturn their efforts as well as pissing on the graves of those who have lost their lives already.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

that's because we didn't have a school stabbing a month ago.

岩「…Ace beats Jack」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I figured.

I figured he wasn't replyign becuase he has no proof or he's busy writing an article himself.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

And that means crimes and murder rates will be increasing tenfold thanks to both EA,And take-two, I hope a pervert,Porn salesman,criminal and jerk like Mr.Zelnick is happy for what he's done.

Jack Thompson

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

And gas prices will drop 3 dollars thanks to hurricane Ike.

See? I can make crap up too.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Stanford says otherwise. A lower per capita crime rate and historically high availability of pornography in many developed European countries (e.g. Netherlands, Sweden) has led researchers to conclude that there is an inverse relationship between the two, such that an increased availability of pornography in a society equates to a decrease in sexual crime.

Looks like Zelnick will be lowering crimes.

岩「…Ace beats Jack」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

And yet we never had the school shooting outbreak you promised upon the release of Bully.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

This is good news. Competition in the gaming marketplace is very good.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

This is some of the best news I've heard all-day. EA has failed to assimilate another company :D .

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I dont see whats the use of typing witty comebacks and truthful defenses against a troll and "douchebag" like jack thompson,It's not like he pays attention to the ownage you guys gives him, He just logs off then goes to masturbate,I assume.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I'll always be a real american, And please Fix your caps lock you dolts, And the crusade for good will never die when you have the video game's big business industry minoins, like EA,Take-two,Rockstar and last but not least, The pervert known as Mr.Zelnick.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Again...bullcrap.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Nice false comeback kurisu, please turn your caps lock off when you type real, you dolt,And yes heroes never die the only thing im taking away from real aemrica is death,crime and senseless destruction caused by the personal minions of the video game industry,That would be EA,Rockstar and Take-two.

The NSA called, They said Kurisu will be arrested tommarrow.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I'm pretty sure that if you want to pretend to be Jack you should learn to spell and learn that capitalizing every letter after a comma is incorrect.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

The NSA called, They said Kurisu will be arrested tommarrow.

Mmnyeah, bullcrap. Check your spelling before posting.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Then maybe you can explain why the trailer part I like in had NEVER had a single murder.

 

Also, my caps lock is almosy always off. It's called emphasis. Pick up a dictionary once in a while. Or maybe, you know, read at all, as I have seeen plenty of instance when all caps were used to signify emphasis on a word.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

YES! YES! YES! YES! YES! YES!

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

But i never lost my morality and determination did we? Mr.Zerodash, the florida bar just lost a moral real american hero,And it's not like a monster and pervert like Mr.Zelnick to get all so happy about the victory/loss,If only he was on the sex offender registery.  Jack Thompson.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Jack first of all...learn grammar. I think majority of it can be relearned if you take Grade 1-5 again. Now as for Strauss Zelnick being on a sex offender registry, well I am drawing a blank there. Last I recall he has committed no sex crimes. Oh you mean releaseing GTA series. So non-graphic implied sex scenes bothers you? (Personally then don't recommend watching a lot of T.V and Movies.) Violence against people and even law-enforcers? (Once again, I don't recommend TV or movies.)

Now Jack, making inflammatory comments like that...didn't that get you into a lot of trouble? Jack, I recommend learning to being (I know this is a reach, but bare with me) a good Christian. I know this is a foreign concept however an old saying goes; "You'll attract more flies with honey than vinegar." Jack, you are not a hero...you barely qualify as rock moss. Now that you are losing your license, practice being a good human being and a good father. It will do you good, and might even redeem some of the poor opinions people have on you.

Sprouting lies and hateful commends burned you once, and they'll continue. I know you'll end up ignoring this like all other good advice others have tried to give you. However Jack, you did lose your morality while your determination (I call zealotry and blind ambition) sunk your ship even more so. I pity you. I truly pity you.

All too easy

the florida bar just lost a moral real american hero

Really? Who else are they getting rid of?

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

"real American hero"? LOLOLOLOLOLOLOLOL

Let's compare you to a couple REAL American heroes shall we?

Martin Luther King Jr: Fought and won civil rights and equality for African Americans and was assassinated for it

Thomas Jefferson: Helped write the declaration of independence and the constitution, providing the basis of today's American Society

Audie Leon Murphy:  Most decorated soldier of WWII, performed several heroic deeds including but not limited to: Single-handedly defending an encampment with a mounted 50 cal. machine gun, singlehandedly wiping out a machine gun nest, the list goes on

Now, we add you to the equation Mr. Thompson...

John Bruce Thompson:  Lawyer who uses unlawful tactics to attempt to censor media, in flagrant disregard for the first amendment, and is now about to lose his job for it

DOES NOT COMPUTE!! SQUAWWWK

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

apologies for the double post, any chance of getting one of em deleted?

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

However Jackie Boy I can read the hidden message in this and it looks like you HAVE been disbarred... how does it feel to be kicked off your high horse?

When Life gives you lemons, you find a new god.

When Life gives you lemons, you find a new god.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

"real american hero"? LOLOLOLOLOLOLOLOL

Let's compare you to a couple REAL american heroes shall we?

Martin Luther King Jr: Fought and won civil rights and equality for african americans and was assassinated for it

Thomas Jefferson: Helped write the declaration of independence and the constitution, providing the basis of today's American Society

Audie Leon Murphy:  Most decorated soldier of WWII, performed several heroic deeds including but not limited to: Single-handedly defending an encampment with a mounted 50 cal. machine gun, singlehandedly wiping out a machine gun nest, the list goes on

now, we add you to the equation Mr. Thompson...

John Bruce Thompson:  Lawyer who uses unlawful tactics to attempt to censor media, in flagrant disregard for the first amendment, and is now about to lose his job for it

DOES NOT COMPUTE!! SQUAWWWK

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

What morality?  You, who pull out all the stops to smear and discredit those who disagree with you?  You, who tried to work both sides of the fence in the Devin Moore case to push your agenda?  You, who abandoned your politician buddies when YOUR idiotic bills failed to pass constitutional muster?  You don't know the meaning of the word, Jack.

And who exactly are you a hero to?  Those imbeciles who gave you that award in Utah?  What a joke. Hell, 'ol Stinger doesn't even want to admit who his dad is, and you don't seem to care.  Some "hero".

By the way, the rest of your post made about as much sense as your defensive strategy against the Florida Bar, but then again you've repeatedly shown the inability to think and type simultaneously, so I guess I shouldn't be shocked.

"There is no sin except stupidity." - Oscar Wilde

"De minimus non curat lex"

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Also, the REAL American heroes are half ap lanet away fighting to protect our freedoms, freedoms that suit wearing jerks like you are working ot have removed.

 
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Matthew Wilsonhttp://www.giantbomb.com/articles/jeff-gerstmann-heads-to-new-york-takes-questions/1100-4900/ He talks about the future games press and the games industry. It is worth your time even though it is a bit long, and stay for the QA. There are some good QA04/17/2014 - 5:28pm
IanCErm so they shouldn't sell edutainment at all? Why?04/17/2014 - 4:42pm
MaskedPixelanteNot that linkable, go onto Steam and there's stuff like Pajama Sam on the front-page, courtesy of Night Dive.04/17/2014 - 4:13pm
Andrew EisenOkay, again, please, please, PLEASE get in a habit of linking to whatever you're talking about.04/17/2014 - 4:05pm
MaskedPixelanteAnother round of Night Dive teasing and promising turns out to be stupid edutainment games. Thanks for wasting all our time, guys. See you never.04/17/2014 - 3:44pm
Matthew WilsonAgain the consequences were not only foreseeable, but very likely. anyone who understood supply demand curvs knew that was going to happen. SF has been a econ/trade hub for the last hundred years.04/17/2014 - 2:45pm
Andrew EisenMixedPixelante - Would you like to expand on that?04/17/2014 - 2:43pm
MaskedPixelanteWell, I am officially done with Night Dive Studios. Unless they can bring something worthwhile back, I'm never buying another game from them.04/17/2014 - 2:29pm
PHX Corphttp://www.msnbc.com/ronan-farrow/watch/video-games-continue-to-break-the-mold-229561923638 Ronan Farrow Daily on Video games breaking the mold04/17/2014 - 2:13pm
NeenekoAh yes, because by building something nice they were just asking for people to come push them out. Consequences are protested all the time when other people are implementing them.04/17/2014 - 2:06pm
Matthew Wilsonok than they should not protest when the consequences of that choice occur.04/17/2014 - 1:06pm
NeenekoIf people want tall buildings, plenty of other cities with them. Part of freedom and markets is communities deciding what they do and do not want built in their collective space.04/17/2014 - 12:55pm
Sora-ChanI realize that they have ways getting around it, but one reason might be due to earthquakes.04/17/2014 - 4:42am
Matthew WilsonSF is a tech/ economic/ trade center it should be mostly tail building. this whole problem is because of the lack of tail buildings. How would having tail apartment buildings destroy SF? having tail buildings has not runed other cities around the US/world04/16/2014 - 10:51pm
Matthew WilsonAgain the issue is you can not build upwards anywhere in SF at the moment, and no you would not. You would bring prices to where they should have been before the market distortion. those prices are not economic or socially healthy.04/16/2014 - 10:46pm
ZippyDSMleeYou still wind up pushing people out of the non high rise aeras but tis least damage you can do all things considered.04/16/2014 - 10:26pm
ZippyDSMleeANd by mindlessly building upward you make it like every place else hurting property prices,ect,ect. You'll have to slowly segment the region into aeras where you will never build upward then alow some aeras to build upward.04/16/2014 - 10:25pm
Matthew WilsonSF have to build upwards they have natural growth limits. they can not grow outwards. ps growing outwards is terable just look at Orlando or Austin for that.04/16/2014 - 4:15pm
ZippyDSMleeIf they built upward then it would becoem like every other place making it worthless, if they don't build upward they will price people out making it worthless, what they need to do is a mix of things not just one exstreme or another.04/16/2014 - 4:00pm
Matthew Wilsonyou know the problem in SF was not the free market going wrong right? it was government distortion. by not allowing tall buildings to be build they limited supply. that is not free market.04/16/2014 - 3:48pm
 

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