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.

Posted in

Comments

Re: Take-Two Buyout Rumors Return

Submitted by Edward2 on Wed, 09/29/2010 - 09:44.

İstanbul'da araba kiralamak için Oto Kiralama sitesinden Araç Kiralama yapabilirsiniz. Bununla beraber Vip Araç Kiralama ve Rent A Car işlerinizi Kiralık Oto sitesinden yapabilirsiniz. Digitürk ve Digitürk Yayın Akışı için Digiturk sitesine girebilirsiniz. Parke modelleri için İstanbul Parke sitesine girebilirsiniz. Kiralık Araçlar için ve diğer Kiralık Araçlar için web sitelerimize girebilirsiniz.......

Thank you informationn..

Jeep Kiralama hizmetleri için kiralik jeep sitesine, Digitürk kampanyalari, Digitürk Plus, İstanbul digitürk bayileri için digiturk sitesine girebilirsiniz. Digitürk kampanyalari için ise digitürk kampanyalari
sayfasına, günlük yayın akışı için ise digitürk yayın akışı sitesine girerek yayın akışını güncel olarak takip edebilirsiniz.
Araba Kiralama, Oto Kiralama ve araç kiralama hizmetlerini yapmak için, şöförlü araç kiralama veya şöförlü minibüs kiralama sayfalarına gidebilirsiniz. Bütçenize göre araç kiralama yapmak istiyorsanız, ekonomik araç kiralama, spor araç kiralama, lüks araç kiralama, panelvan araç kiralama ve
vip araç kiralama sayfalarına giderek kiralık araçlarınızı görebilirsiniz.
İstanbul genelinde parke sitesi olan bahçelievler parke ve istanbul parke sitesine bakarak, parke modellerini görebilirsiniz.
sanalika oyununu oynamak için sanalika oyna sayfasına gidebilirsiniz. Birbirinden güzel hileler için sanalika hileleri sayfasına, en yeni Metin2 Hileleri için ise
Metin2 Hileleri sayfalarına gidebilirsiniz. Hepsinin haricinde digitürk sitesine giderek, digitürk paketleri kısmına giderek digitürk üyelik paketlerini görebilirsiniz.
Bu kadar basit.. Degil..

Re: Take-Two Buyout Rumors Return

Submitted by Parallax Abstraction on Mon, 04/13/2009 - 15:52.

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

Parallax Abstraction
Ottawa, Ontario, Canada

Re: Take-Two Buyout Rumors Return

Submitted by JDKJ on Mon, 04/13/2009 - 16:27.

Any particular reason why you doubt Patcher's opinion?

Re: Take-Two Buyout Rumors Return

Submitted by E. Zachary Knight on Mon, 04/13/2009 - 16:40.

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

E. Zachary Knight
Divine Knight Gaming
OK Game Devs
Random Tower

Re: Take-Two Buyout Rumors Return

Submitted by Parallax Abstraction on Mon, 04/13/2009 - 20:30.

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

Parallax Abstraction
Ottawa, Ontario, Canada

Re: Take-Two Buyout Rumors Return

Submitted by JDKJ on Tue, 04/14/2009 - 01:28.

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.

Re: Take-Two Buyout Rumors Return

Submitted by Stealthguy on Tue, 04/14/2009 - 17:14.

I think thats more a universal truth to begin with.

Re: Take-Two Buyout Rumors Return

Submitted by Krono on Mon, 04/13/2009 - 19:29.

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

Re: Take-Two Buyout Rumors Return

Submitted by hellfire7885 on Mon, 04/13/2009 - 14:23.

Sooo, how long before out favorite white haired pundit tries to take credit for this?

Re: Take-Two Buyout Rumors Return

Submitted by Zerodash on Mon, 04/13/2009 - 23:46.

Isn't he supposed to be leading a shareholder revolt?

Re: Take-Two Buyout Rumors Return

Submitted by Father Time on Mon, 04/13/2009 - 17:06.

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.

---------------------------------------------------- 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.

Re: Take-Two Buyout Rumors Return

Submitted by hayabusa75 on Mon, 04/13/2009 - 20:55.

This is not a new thing...

"De minimus non curat lex"

Re: Take-Two Buyout Rumors Return

Submitted by nightwng2000 on Mon, 04/13/2009 - 13:54.

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

Nightwng2000 NW2K Software http://www.facebook.com/nightwing2000 Nightwng2000 is now admin to the group "Parents For Education, Not Legislation" on MySpace as http://groups.myspace.com/pfenl

Re: Take-Two Buyout Rumors Return

Submitted by Firebird on Mon, 04/13/2009 - 13:30.

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*

______________________________ Because I have NO Life... :P I introduce the following. PSN User ID: FirebirdXR (Yes, I use that moniker often) Xbox Live ID: FirebirdLR (Don't bother, It's a Silver Membership) *Limited Time Only* I put both because I

Re: Take-Two Buyout Rumors Return

Submitted by Vake Xeacons on Mon, 04/13/2009 - 13:22.

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.

Re: Take-Two Buyout Rumors Return

Submitted by killatia on Mon, 04/13/2009 - 13:21.

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/

Re: Take-Two Buyout Rumors Return

Submitted by Akira420x2 on Mon, 04/13/2009 - 13:18.

I hope EA doesn't take them over, I don't care if they offer fifty dollars a share. I hope they get rejected.

Re: Take-Two Buyout Rumors Return

Submitted by KANE on Mon, 04/13/2009 - 12:59.

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 :(

Re: Take-Two Buyout Rumors Return

Submitted by DeusPayne on Mon, 04/13/2009 - 12:57.

Gotta love rumor based trading. It's like highschool all over again, except people are losing their 401k because of greedy day traders.

Poll

Shout box

E. Zachary Knight: If the videos are of sufficient quality that people subscribe and watch regularly, then those let's players are providing a service that people want. That is the heart of capitalism. That is not something that should be shamed.05/17/2013 - 8:06am

E. Zachary Knight: I have no idea who either of those people are. However, I still don't see why making a business out of creating let's play videos is somehow evil or wrong.05/17/2013 - 8:04am

MaskedPixelante: It sure is if you're just doing it for the money. See Tobuscus and/or Pewdiepie for what happens when people get into it just for the money.05/17/2013 - 7:30am

E. Zachary Knight: Why is it wrong to make money doing LPs? Why should that be something that should be shamed?05/17/2013 - 6:20am

MaskedPixelante: https://twitter.com/PsychedelicSA/status/335183893214924801 Now here's an interesting, glass half full thought about the Nintendo LP thing. It outs the people who are just doing LPs to make money.05/17/2013 - 5:56am

E. Zachary Knight: I responded in writing to all this "let's play" stuff Nintendo Started. No need for my permission, I won't give it. It's not mine to give. http://divineknightgaming.com/?p=29205/16/2013 - 2:21pm

E. Zachary Knight: Lars Doucet of Levelup Labs has a Reddit going on game companies that allow monetization of Let's Play videos. http://www.reddit.com/r/Games/comments/1egayn/lets_build_a_list_of_game_studios_that_allow/05/16/2013 - 1:04pm

Sleaker: @Imautobot - yah I wouldn't use an emulator as a good first run test of how stable the console is, haha.05/16/2013 - 11:47am

E. Zachary Knight: The 50th person to jump off a bridge is just as dumb if not dumber than the 1st.05/16/2013 - 10:03am

MaskedPixelante: Yeah, let's all jump on Nintendo for doing this, even though they're hardly the first company to do this...05/16/2013 - 9:47am

E. Zachary Knight: Wow Nintendo, this is wrong. http://kotaku.com/nintendo-forcing-ads-on-some-youtube-lets-play-video-50709238305/16/2013 - 8:44am

Imautobot: @Sleaker, further gameplay has revealed that the controller button do stick under the faceplate. Also, The NES emulator (Emuya)keeps crashing on me, though I think a bad ROM is causing it.05/16/2013 - 7:10am

Papa Midnight: AE: I wonder if any other publishers will follow suit.05/15/2013 - 8:12pm

Andrew Eisen: EA is ditching Online Pass. http://venturebeat.com/2013/05/15/ea-kills-its-controversial-online-pass-program/05/15/2013 - 7:20pm

Avalongod: @Zach and quicnkold...I've read the bill and the intent of it is to fear-monger. It's not a balanced message. I don't recall the ESRB being mentioned at all. It's more "keeps your kids away from these movies/games or they'll become violent"05/15/2013 - 4:35pm

E. Zachary Knight: quiknkold, The big problem with that legislation is the amount of misinformation out there. Who is going to ensure that the information in the pamphlet is accurate?05/15/2013 - 3:25pm

quiknkold: REBeardogg : I'm on the fence about this. on one side, I want parents to be aware of the ESRB, and even Movie Ratings. On the other hand, I feel this will be used for nothing but Propaganda. The ESRB does a good job.05/15/2013 - 3:07pm

IanC: Frostbite is coming out on iOS devices. Yet the Wii U cant handle it? *coughbullshitcough*05/15/2013 - 2:31pm

BearDogg-X: http://www.politickernj.com/65515/lesniak-ruiz-bill-limit-children-s-exposure-media-violence-clears-senate - Bill requiring schools to publish pamphlets with anti-fake media "violence" propaganda clears NJ Senate05/15/2013 - 2:03pm

quiknkold: I am thinking of writing a musical about videogames, violence, and the first amendment. Would need a collaborator though and would kickstart it after the script is written. was thinking off broadway.05/15/2013 - 2:00pm

All shouts

<< Return To Top

Forgot your password?
Username :
Password :