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.
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Posted 11/22/09 at 09:45am
ZippyDSMlee: JD:I think doc phill is still sout about the break up with his wife he dose not fill holes as much as make them bigger these day
ZippyDSMlee: JD:I think doc phill is still sout about the break up with his wife he dose not fill holes as much as make them bigger these day
Posted 11/22/09 at 12:06am
JDKJ: You should get Phil McCraken to help you spackle those banisters.
JDKJ: You should get Phil McCraken to help you spackle those banisters.
Posted 11/21/09 at 11:57pm
ZippyDSMlee: Oh in the pirate hunter article I need my song ieda heckled DS,JD,Beemon sic im !!!
ZippyDSMlee: Oh in the pirate hunter article I need my song ieda heckled DS,JD,Beemon sic im !!!
Posted 11/21/09 at 11:56pm
ZippyDSMlee: JD:no I am tried from prepping the banisters for painting , worked on them from 12 to 4 and 6 to 8...after I got back from the store...got up early got ready...blah...been up all day..I need a nap...
ZippyDSMlee: JD:no I am tried from prepping the banisters for painting , worked on them from 12 to 4 and 6 to 8...after I got back from the store...got up early got ready...blah...been up all day..I need a nap...
Posted 11/21/09 at 11:42pm
JDKJ: No. You gonna stay up late tonight soldering?
JDKJ: No. You gonna stay up late tonight soldering?
Posted 11/21/09 at 11:41pm
ZippyDSMlee: JDKJ:Don't you mean Mctite?
ZippyDSMlee: JDKJ:Don't you mean Mctite?
Posted 11/21/09 at 11:33pm
JDKJ: @Zip: Neil, Bob, and Lik McTaint. The McTaint brothers. LOL!!!
JDKJ: @Zip: Neil, Bob, and Lik McTaint. The McTaint brothers. LOL!!!
Posted 11/21/09 at 09:44pm
Flamespeak: I still think military personell, killing other military personell, on a military complex should be handled by military courts.
Flamespeak: I still think military personell, killing other military personell, on a military complex should be handled by military courts.
Posted 11/21/09 at 09:43pm
Flamespeak: I could see this a mixture of the two charges rather than just one or the other.
Flamespeak: I could see this a mixture of the two charges rather than just one or the other.
Posted 11/21/09 at 09:43pm
Flamespeak: I think this was mainly a person who snapped, but evidence is showing he definitely had strong inlinations to islamic-extremism.
Flamespeak: I think this was mainly a person who snapped, but evidence is showing he definitely had strong inlinations to islamic-extremism.
Posted 11/21/09 at 09:41pm
Flamespeak: People are trying to claim that Hasan's actions were not terrorism. I don't jump on the 'terror train' like others, however
Flamespeak: People are trying to claim that Hasan's actions were not terrorism. I don't jump on the 'terror train' like others, however
Posted 11/21/09 at 09:38pm
mentor07825: Britain certainly does deserve it! And the French! God damn it, it was a hand ball!!!
mentor07825: Britain certainly does deserve it! And the French! God damn it, it was a hand ball!!!
Posted 11/21/09 at 09:34pm
ZippyDSMlee: mentor07825:Well Brittan dose deserve it....
ZippyDSMlee: mentor07825:Well Brittan dose deserve it....
Posted 11/21/09 at 09:33pm
ZippyDSMlee: Alyric:I don;t hasliburton having to pay back billoins... don;t you love it when the rich roll over the goverment without a care?
ZippyDSMlee: Alyric:I don;t hasliburton having to pay back billoins... don;t you love it when the rich roll over the goverment without a care?
Posted 11/21/09 at 09:32pm
mentor07825: I say we nuke the whales, for the benefit of both mankind and the environment.
mentor07825: I say we nuke the whales, for the benefit of both mankind and the environment.
Posted 11/21/09 at 09:28pm
Austin_Lewis: I say we try Al Gore too. I always said he was in on the racket.
Austin_Lewis: I say we try Al Gore too. I always said he was in on the racket.
Posted 11/21/09 at 09:16pm
Alyric: The leaked information proves these organizations knowingly defrauded governments (i.e., taxpayers) out of billions of dollars. Yet there will probably never be a trial.
Alyric: The leaked information proves these organizations knowingly defrauded governments (i.e., taxpayers) out of billions of dollars. Yet there will probably never be a trial.
Posted 11/21/09 at 09:15pm
Flamespeak: working on other things makes me angry. I might have had a jet pack by now. :p
Flamespeak: working on other things makes me angry. I might have had a jet pack by now. :p
Posted 11/21/09 at 09:14pm
Flamespeak: Just thinking of all the time and manpower wasted to try and make things emit less CO2 emmision that could have been spent
Flamespeak: Just thinking of all the time and manpower wasted to try and make things emit less CO2 emmision that could have been spent
Posted 11/21/09 at 09:07pm
Alyric: @Zip: FYI, the construction of solar panels puts out more pollution than any form of energy production. To say nothing of the toxic components of the panels that cannot be recycled.
Alyric: @Zip: FYI, the construction of solar panels puts out more pollution than any form of energy production. To say nothing of the toxic components of the panels that cannot be recycled.
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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?
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I knew I shoulda taken some of my tax refund money and bought some stock. Hmphf!
Nightwng2000
NW2K Software
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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.