Take-Two Buyout Rumors Return
Take-Two Buyout Rumors Return
April 13, 2009
Take-Two, which managed to avoid being assimilated by Electronic Arts in last year's long-running takeover saga, may be the target of a new buyout, according to Barron's.
The financial news service attributes a recent rise in the share price of TTWO to takeover rumors:
Take-Two Interactive (TTWO) shares are up sharply for the second straight session on a revival of rumors that the video game company might be a takeover target... Last Thursday, the stock was hopping on what TheFlyOnTheWall.com [subscription req.] described as “renewed takeover chatter.” That apparently continues today.
As I post this, TTWO is up to 9.45, even though Wall Street itself is down.
UPDATE: Reached for comment by GamePolitics, Wedbush-Morgan financial analyst Michael Pachter pooh-poohed T2 takeover rumors:
I don’t see anyone making a move, given that management rejected EA’s $26 offer [last year]. It’s hard to see how anyone would pay more in this market, and I don’t know that Take-Two management would entertain an offer lower than $26 given their rejection of EA’s offer.
A PUBLICATION OF THE ECA
SUBSCRIBE
LOGIN / REGISTER
Crispy Gamer
GamePolitics ShoutBox
Posted 07/30/10 at 10:25am
ZippyDSMlee: No lan too but that will be hack in, with 2X maps its as big as SC,so....want more now ;P
ZippyDSMlee: No lan too but that will be hack in, with 2X maps its as big as SC,so....want more now ;P
Posted 07/30/10 at 10:19am
Rodrigo Ybáñez García: @Cheater: Thank you, I´ll try it later. It happened after I installed the new upgrade, btw
Rodrigo Ybáñez García: @Cheater: Thank you, I´ll try it later. It happened after I installed the new upgrade, btw
Posted 07/30/10 at 01:27am
Andrew Eisen: I got hired to sing bass for an a cappella group tomorrow night. I have nine songs to learn. Yikes.
Andrew Eisen: I got hired to sing bass for an a cappella group tomorrow night. I have nine songs to learn. Yikes.
Posted 07/29/10 at 10:53pm
E. Zachary Knight: Zippy, I thought SC2 was only 1/3 of a game? ;)
E. Zachary Knight: Zippy, I thought SC2 was only 1/3 of a game? ;)
Posted 07/29/10 at 08:59pm
ZippyDSMlee: SC2 is god! BOW DOWN TO SC2!
ZippyDSMlee: SC2 is god! BOW DOWN TO SC2!
Posted 07/29/10 at 07:50pm
Cheater87: Garcia that sounds like a A/V problem. Try turning the TV on and off or doing that with the AV changer. Thats how I fix mine.
Cheater87: Garcia that sounds like a A/V problem. Try turning the TV on and off or doing that with the AV changer. Thats how I fix mine.
Posted 07/29/10 at 06:50pm
Andrew Eisen: The urinals now have floor mats!
Andrew Eisen: The urinals now have floor mats!
Posted 07/29/10 at 04:54pm
Rodrigo Ybáñez García: My PS3 is having some kind of failure. The sound is still there but the image is totally out...
Rodrigo Ybáñez García: My PS3 is having some kind of failure. The sound is still there but the image is totally out...
Posted 07/29/10 at 03:39pm
ZippyDSMlee: SC2!!SC2!!!SC2!!!!!!
ZippyDSMlee: SC2!!SC2!!!SC2!!!!!!
Posted 07/28/10 at 02:45pm
beemoh: Farmville creator Zynga closes one of its games, customers who paid for in-game content unimpressed (Link)
beemoh: Farmville creator Zynga closes one of its games, customers who paid for in-game content unimpressed (Link)
Posted 07/28/10 at 09:49am
Rodrigo Ybáñez García: He blames the internet, but not his abusive mother.
Rodrigo Ybáñez García: He blames the internet, but not his abusive mother.
Posted 07/28/10 at 09:48am
Rodrigo Ybáñez García: Akihabara murderer blames cyber bullying for rampage in 2008
Rodrigo Ybáñez García: Akihabara murderer blames cyber bullying for rampage in 2008
Posted 07/27/10 at 02:49pm
E. Zachary Knight: Holy Awesome Game Trailers Batman. Superman heat visioning people in the face and Jedi using Hadouken. Awesome.
E. Zachary Knight: Holy Awesome Game Trailers Batman. Superman heat visioning people in the face and Jedi using Hadouken. Awesome.
Posted 07/27/10 at 01:36pm
ZippyDSMlee: Ah I didnt see it down there :P
ZippyDSMlee: Ah I didnt see it down there :P
Posted 07/25/10 at 01:51pm
ZippyDSMlee: Cheater87:I do not think they see the need for it its a shame its more needed than E10.....
ZippyDSMlee: Cheater87:I do not think they see the need for it its a shame its more needed than E10.....
Posted 07/24/10 at 08:19pm
Cheater87: Zippy I sent them an email about a 15 age category a year or so ago and they said they had no plans for one at the moment. I'll send another one and see if they respond back again.
Cheater87: Zippy I sent them an email about a 15 age category a year or so ago and they said they had no plans for one at the moment. I'll send another one and see if they respond back again.
Copyright © 2007 ECA. All rights reserved.
Game Politics and Game Politics logo are trademarks of the ECA.
Game Politics and Game Politics logo are trademarks of the ECA.
Comments
Gotta love rumor based trading. It's like highschool all over again, except people are losing their 401k because of greedy day traders.
i hope it isnt EA this time.when DRM is in gta im going to stop playin it.
blog sounds like a kind of vomit :(
I hope EA doesn't take them over, I don't care if they offer fifty dollars a share. I hope they get rejected.
yeah right they're not gonna get sold so easily. Had wall-street forgout all about last year's with take 2/ea thing?
http://www.magicinkgaming.com/
And just watch: whoever tries to buy them out, when T2 turns them down, Wall-Street just calls them stupid.
Capitalism: buying out your rights since 1776.
I am placing a 3-way bet on which company is planning the buyout;
1. EA, again... *sigh* 3:1
2. Nobody... (what raises stocks better than deception?) 4:1
3. Someone else (and hopefully makes GTA "innovative" again) 3:1
Takers?
______________________________
Because I have NO Life... :P I introduce the following.
PSN User ID: FirebirdXR (Yes, I use that moniker often)
Xbox Live ID: FirebirdLR (It's a Silver Membership... just putting it up)
*Limited Time Only*
I knew I shoulda taken some of my tax refund money and bought some stock. Hmphf!
Nightwng2000
NW2K Software
Nightwng2000 has also updated his MySpace page: http://www.myspace.com/nightwing2000 Nightwng2000 is now admin to the group "Parents For Education, Not Legislation" on MySpace as http://groups.myspace.com/pfenl
Sooo, how long before out favorite white haired pundit tries to take credit for this?
Jesus does he haved to be brought it up in every single fucking story now?
----------------------------------------------------
Debates are like merry go rounds. Two people take their positions then they go through the same points over and over and over again. Then when it's over they have the same positions they started in.
This is not a new thing...
"De minimus non curat lex"
Isn't he supposed to be leading a shareholder revolt?
Well, Pachter says it won't happen so we know there's no chance of it. Oh wait...it's Pachter so that being said, I wonder who is bidding for them.
Parallax Abstraction
Ottawa, Ontario, Canada
blog.digital-lifeline.ca
Any particular reason why you doubt Patcher's opinion?
Patcher is a well known video game analyst and as such he tends to bring out the distrust of many gamers. There are times where he has bee nway off the mark, but it is no less frequent than any other analyst in any industry.
But this is the games industry. Anyone that is wrong just once is worthless. /sarcasm
E. Zachary Knight
Oklahoma City Chapter of the ECA
http://www.theeca.com/chapters_oklahoma
I think it has more to do with the fact that he was largely wrong about the T2 buyout last year, from start to finish. Wrong despite the fact that T2 was clearly disinterested, that EA was a little to low to overcome that disinterest, and rather than try negotiations or give up, they sat around for months extending their deadlines again and again.
It doesn't help him that he was in the "the buyout is a good thing and it'll go through!" camp, when a large percentage of gamers that care to track such news were disinterested in the EA chimera devouring yet another decent company into it's bland mix.
Nor does it help that analysts in general are on a lot of people's crap lists right now.
-Gray17
Pachter's predictions have been almost universally wrong (one of his more famous ones was that not only would Sony come back out of 3rd place, they would soundly dominate this generation) and like most analysts, he generally tends to state things as fact that are based on very loose and almost always unverifiable information. Simply put, he's wrong far more than he's right and starts rumours to get his name in the press. This is in fact what most press-oriented analysts do and it isn't an uncommon practice. And it works becaues despite his track record, the gaming press at large continues to trip over themeslves to get quotes from him and only ever trump up the rare occasion he's right and never when he's wrong.
But to coin my own version of EZK's strawman, Heaven forfend I dare to call out the enthusiast press for continuing to rely on a provably weak source of information. This isn't to single out GP because virtually every major site does it.
Parallax Abstraction
Ottawa, Ontario, Canada
blog.digital-lifeline.ca
I would have thought that an industry analyst with such a crappy track record would have lost credibility with their main audience, i.e., institutional investors. But, if Madoff and Sanford teach us anything, it's that there're plenty suckers out there for the taking.
I think thats more a universal truth to begin with.