Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

September 17, 2008 -

Following the collapse of a proposed merger between Electronic Arts and Take-Two Interactive, GamePolitics wondered aloud yesterday whether Take-Two might be the second coming of Yahoo. That is, a company which should have accepted a reasonable acquisition offer and saw stockholder equity plummet following its rejection.

Analyst Doug Creutz (left) of Cowen and Co. thinks not. Here's what he told GP when asked if T2 was following in Yahoo's ill-considered footsteps:

I’d say no. YHOO [Yahoo] is clearly a company in decline, with an entrenched management. TTWO [Take-Two] is a company with arguably improving business fundamentals and a management team that I believe was willing to deal at the right price. I also think that MSFT [Microsoft] shareholders were not excited by the prospect of a YHOO acquisition whereas most ERTS [Electronic Arts] shareholders wanted the TTWO deal to happen at a reasonable price.

Nor did Creutz believe that T2 Chairman Strauss Zelnick was in jeopardy in the wake of EA's withdrawal from negotiations:

I don’t think so. Any shareholders who wanted to get out of the stock at $26 (EA’s best offer) had ample opportunity. Anyone who was holding out for a higher price feels the same way as Zelnick – no deal at $26. As long as the business turnaround continues then I think Zelnick is safe.


Comments

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

You'd think that someone would finally contact Jack's ISP and they'd get rid of him.

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

So... f***ing true.

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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.



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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

Hmmmm,Doesnt seem Right,I think a pornangrapher,A pervert,jerk and crinimal like Mr.Zelnick is pulling a martha stewart,Surely im amazed i rid myself of T2's stocks,And if wishes were fishes...The world would be an ocean,But that isnt the point is it?

Jack Thompson

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

Nope no libel or slander to be found here.

What was that you said the other day about not being a liar?

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

Agreed with the surprised sentiment that he hasn't shown up yet claiming he'll "Have the pedophile pervert terrorist arrested" ... that reminds me wasn't Dennis supposed to be in cuffs sometime ago? Whatever happened with that, as if I even have to ask? :P Probably as much as will be left of Jack's failed attempt at 'leaving his mark' by year's end, I'm betting.

-- "Jack and listen are two words that don't go together...just like Jack and sanity, Jack and truth, Jack and proof, Jack and win..." -- sortableturnip | http://www.orangeloungeradio.com/

400 Episodes, TEN YEARS and counting: http://www.orangeloungeradio.com/ | Voice of Geeks Network - http://www.vognetwork.com

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

Aww... too bad Jack.

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

All I can do is laugh right now :D

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

Since the news hit, EA's stock has kept going down like the rest of the market (since banks are getting raped), and T2's stock has gone up every day since the news hit.  So I have to say yes, T2 is actually worth what they think they are.

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

HAHAHAHAHAHAHAHAHA!!!!!!! 

JT jumps out of the boat like a rat!

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

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

Re: Analyst: Take-Two NOT the New Yahoo, Zelnick Secure at Top

 (EDIT: Hahahahahaha! )

*Sits back and waits for Jack*

This is going to be fun.

*readies "Lulz-Absorbing Straw" for when Jack appears*

(Been waiting for this, EZK. *Goes off to let Dennis know*)

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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.



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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.
 
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Wonderkarpthough not strictly games. I have Lightsabers mounted on the wall, and on a shelf you'll see the Infinity Gauntlet, the Ocarina of Time, a Sith Holocron, and some of my Ghostbusters Props11/22/2014 - 8:57pm
Wonderkarpswag of all kinds, Andrew. I'm trying to build a game room as impressive as AVGNs nerd room. I'm also trying to build a coffee table/storage space shaped like a NES Controller11/22/2014 - 8:55pm
E. Zachary KnightI need new controllers for my Gamecube. Its not everyday you can get brand new 1st party controllers.11/22/2014 - 8:51pm
Andrew EisenPredominately figurines or swag of all kinds?11/22/2014 - 8:37pm
WonderkarpI would like a new gamecube controller....but I also just like gaming swag....11/22/2014 - 8:32pm
Andrew EisenI'm just waiting to buy a new Gamecube controller for my Gamecube.11/22/2014 - 7:15pm
Wonderkarphttp://kotaku.com/smash-bros-gamecube-adapters-sold-out-online-prices-g-1662162871 Smash Bros Gamecube adapter sold out, online prices go nuts11/22/2014 - 6:50pm
Andrew EisenI bet there's a lovely comedy of errors surrounding that list's journey to the IGDA's page!11/22/2014 - 6:49pm
Andrew EisenAnd the fact that it was curated by some random person on Twitter should have been another.11/22/2014 - 6:48pm
Andrew EisenYep, it's pretty clear that whoever at the IGDA grabbed that list, didn't look at it first. I think the fact that there's over 10,000 names on it should have been a bit of a red flag.11/22/2014 - 6:44pm
Wonderkarppenguin books is on the list. wow.11/22/2014 - 6:43pm
Wonderkarpthats better, though I'd prefer something a little more than a simple tweet, I'll take it.11/22/2014 - 6:37pm
Andrew EisenKate Edwards' Twitter: "like people, tools are imperfect; we've removed it for now."11/22/2014 - 6:35pm
Andrew EisenHard to say with any certainty but it appears it at least understands the tool didn't do what it thought it did.11/22/2014 - 6:34pm
WonderkarpI've yet to find the IGDA responding too the situation other than deleting a link.11/22/2014 - 6:34pm
Matthew WilsonI hope the IGDA understands why its a mistake, that's all I want.11/22/2014 - 6:33pm
Andrew EisenHeh, lawyering up would be grossly overracting! And really silly. Well, if what the IGDA did say was not enough for you, try contacting them and letting them know how you feel.11/22/2014 - 6:31pm
Wonderkarpall I want is an apology from the IGDA. nothing fancy, not even addressed to me. Just something that says, "We messed up. We're Sorry" thats it. Not exactly those words except Sorry. If I was overreacting, I'd be lawyering up.11/22/2014 - 6:29pm
Andrew EisenI get it, I just think you're taking it the wrong way and overreacting.11/22/2014 - 6:27pm
Wonderkarpatleast Matthew understands why I am miffed at that list11/22/2014 - 6:26pm
 

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