Wall Street Journal Compares Crooked Ill Guv's Mistakes to Failed EA-T2 Deal

December 10, 2008 -

Yesterday, GamePolitics pointed out the hypocrisy of indicted Illinois Gov. Rod Blagojevich, who publicly fretted about Grand Theft Auto's cartoon crime but himself managed to carry out what the U.S. Attorney alleges was a political corruption crime spree.

The Wall Street Journal's Deal Journal blog has come up with a different video game angle on the Blagojevich affair, remarking that the disgraved Guv should have paid more attention to this year's failed EA-Take-Two merger:

Before Illinois Gov. Blagojevich allegedly tried to auction off President-elect Barack Obama’s vacated Senate seat to the highest bidder, he might have taken a closer look at the state of deal making this year–which would have told him it never would have worked.

 

Deal Journal compiled some lessons from this year’s M&A market that might have kept Blogajevich from following temptation into a federal indictment.

Don’t assume you are the only game in town: If prosecutors are right, Blagojevich, accused of looking for either lucre or favors in return for Obama’s Senate seat, made an oft-seen mistake: he believed he had more leverage than he did. Take-Two Interactive Software–maker of the Grand Theft Auto videogame–made the same mistake when it pushed rival Electronic Arts to bid up, up, up for the company. But EA tired of being toyed with and walked away.

The WSJ also jokingly relates Blagojevich's relentless pursuit of graft to several other non-game biz deals.


Comments

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

Wait wait wait...didn't EA LOWER the bidding price each time? Their example makes no sense.

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

Yeah, definitely a bad comparrison there. I can't see how EA buying out Take Two would have helped anyone in this economy, especially considering the potential number of job cuts due to redundant departments.

So, yeah. Go Take Two!

If you go crazy then I will still call you Superman.

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

EA generally HAD more financial stability back then. Take Two is not going to have a good year in 2009 because nothing is comming out for them and their going to report a net loss with the lack of grand thefts and Elder Scrolls.

It's probebly going to dip under 8$ a share under these circumstances.

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

 Big problem with Wall Street: failure to foresee consequences. It's just one of the many problems facing the economy. These guys never looked at the big picture. They trashed T2 for turning down the deal, just as EA laid off 500 employees. And they say sticking with EA was a better idea? 

When people don't realize the consequences of their actions, now THAT'S narrow-minded!

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

I agree with EZK.  I don't think Take-Two was trying to drive up the purchase price.  It really, truly looked to me like it just didn't want to be bought.  At least not by EA.

 

Andrew Eisen

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

So T2 not wanting to be bought out is now considered toying with EA? So if the hot chick who keeps telling the nasty fat guy to leave her alone really just playing "hard to get"?

E. Zachary Knight
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Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

Yeah, you're telling me! This guy's an idiot. EA was toying with T2: everytime T2 said, "We don't want to be bought," EA extended their deadline. They should have realized T2 DIDN'T WANT THEM!

The analogy's okay, but compare the governor to EA, not T2.

Why does every financial critic think T2's resistance to EA's tyranny was a bad idea? (Don't answer that)

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

'So if the hot chick who keeps telling the nasty fat guy to leave her alone really just playing "hard to get"?'

This is The Wall Street Journal we're talking about, so their answer is most likely yes.

Brain: "Pinky, are you pondering what I'm pondering?" Pinky: "I think so, Brain, but we're already naked."

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

Why do I feel a JT post coming on this article...

Sortableturnip's Law: As an online discussion of video game violence grows longer, the probability of a comparison involving Jack Thompson approaches 1

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

I think he has better things to do, like he should be PROVIDING FOR HIS FAMILY(hint, hint), instead of whining on a blog while his wife pays $50,000 for his mistakes.

Brain: "Pinky, are you pondering what I'm pondering?" Pinky: "I think so, Brain, but we're already naked."

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

This whole thing has me surprised, well... at how low this all went. Remind me never to try to debate this in Deviantart - I've got called naive, and stupid so many times... ugh.

Anyway, this is really a horrible day but I have heard that he also vetoed a bill that would've made it easier to catch corrupt governers like him. I had heard Obama had personally called other senators in the state to convince them to try to overturn the veto which gave the feds a heads up that maybe this governer didn't have the best intentions.

Amy Levandoski

Amy Levandoski
 
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Sora-Chan@Andrew Eisen: A tip for when it comes to clicking people's video recommendations, use Incognito/Private Mode.that'll keep those kinds of recommendations off the radar. =P08/04/2015 - 5:37am
InfophileWow, I just got an e-mailed ad from Nintendo: "FREE AC Adapter with New Nintendo 3DS XL" - So... pretending this didn't used to be normal, are we?08/04/2015 - 3:34am
MattsworknameNight man, take care08/04/2015 - 2:59am
Andrew EisenOff to bed. Play nice.08/04/2015 - 2:53am
Andrew EisenNo worries. Yeah, it's the pits. It's like "How many times do I have to tell you I'm not interested in this producer's work before you stop recommending his videos to me?!"08/04/2015 - 2:53am
MattsworknameAndrew: Sorry man, youtubes recomendations system is really crappy08/04/2015 - 2:49am
MattsworknameIp: they cite 4 chan. Enough said08/04/2015 - 2:47am
IronPatriotWhat I don't get is why anyone wants to be part of the private online army for a stalker.08/04/2015 - 2:32am
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Andrew EisenDammit. For context's sake, I watched that one Chris Ray Gun video Matt linked to and now my recommends are chockful of anti-Sarkeesian crap from the usual suspects. ARGH!08/04/2015 - 2:27am
Andrew EisenIP - Now you just essentially asked Matt the same question twice in a row. Seriously, once is enough.08/04/2015 - 2:11am
IronPatriotMattsworkname, do you have any actual evidence for your "complete bollocks" claim? Or are you making up more "facts08/04/2015 - 2:11am
IronPatriotMattswork, prove your claim that the article is "based on complete bollocks"08/04/2015 - 2:08am
Andrew EisenIP - Stop asking me the same question over and over and over and over and over and over and over and over again. It's super annoying. Especially when I've already addressed it.08/04/2015 - 2:07am
Andrew EisenMatt - How? Set aside half an hour. It's not hard if you know your history. It's just time consuming.08/04/2015 - 2:06am
IronPatriotAndrew, so you agree about the lying fraudulent nature of gamergate's origins? So supporting gamergate when it is clearly a fraud deserves to be called what it is, right?08/04/2015 - 2:06am
Andrew EisenFrom an ethics standpoint, there's nothing wrong with that article or posting news on subjects that are of interest.08/04/2015 - 2:05am
MattsworknameAndrew: the toughest thing about Gamergate is that it lacked any form of directed leadership or oganizaotion, How do you really explain something so amourphous that it leterally took months and moths to gain any real shape?08/04/2015 - 2:05am
Andrew EisenIP - A metric crap ton of history and context. GamerGate isn't hard to explain, it just takes a while.08/04/2015 - 2:01am
MattsworknameAnd ip wonders why gamergate went after sites like ARS and kotaku08/04/2015 - 2:00am
 

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