Electronic Arts Offers $2B for Take-Two

H

HardOCP News

[H] News
Joined
Dec 31, 1969
Messages
0
For the second time in as many weeks, EA has extended a buy-out offer to Take-Two. This week’s offer? A hefty two billion dollars, a 64 percent premium over Take-Two's closing stock price last week.

EA said in a statement that it was making an all-cash bid of $26 per share, or about $2 billion, for New York-based Take-Two, known for its "Grand Theft Auto" franchise. The offer represents a 64 percent premium over Take-Two's closing stock price of $15.83 on Feb. 15, the last trading day before Redwood City-based EA made its proposal. Take-Two shares closed at $17.36 Friday.
Click to expand...
 
oh god i hope take 2 doesn't take the offer. EA will just rape them and have them pumping out crap before you know it. everything EA touches turns to shit.
 
DON'T DO IT!!!

We don't want a slightly new version of GTA 08, 09, 10, etc...

But from an employees standpoint, it could mean retirement, new car or a payout.
 
I hope that Take 2 would take the offer so that the executives can retire early. I doubt that EA could gain anything from GTA anymore, 1 is good, 2 is great, but now it is GTA 4 already, I think that people will get bored soon.
 
Yep.. if Take Two takes the offer, there will be nothing but more junky, buggy games.

Kinda like how they ruined Sim City.
 
It's cool to bash EA I guess, but do they make any good games? I play TW Golf from time to time but that's about it, and I won't buy it every year (I have '98, '03 and '05 or '06).
 
EA makes good games when they have competition.

Now they are trying to basically buy out all the competition in the sports market, as take two is their only competitor in the NBA, and MLB games (with the exception of Sony on the PS3 for MLB).

Garbage I say. I really can't complain if the take two folks take the deal and retire, but it's really going to suck for those of you who play sports games. Anyone played Madden 08? ;)
 
cant wait for them to ruin another frachise!
between them and microsoft, they cant stand to see others do well
 
The problem with a large publisher as we all know is they focus on the bottom-line. They aren't concerned with creating new IPs or releasing something innovative. Status quo gets thrown out a lot in their offices I am assuming.
 
I would like to see Take2 guys beeing rewarded for all their hard work, but at the same time Take2 has the oppertunaty to become huge by themselves. I'd be a shame to see them held back by EA. Don't get me wrong, they will still produce good games, but they will always be limited by how big EA wants them to be.
 
Ockie said:
2B, I would have taken the offer.
Click to expand...

I would have to.

If EA cant buy you off then they'll just find some other way to cockblock you from making money. Once EA or MS sets their eyes on you its best to just go quietly, nobody that puts up a fight ever wins.
 
EA is getting ready to enter the console hardware wars.. It is buying up major studios so they can have to big name titles for itself. Remember, EA wants a universal console. ONE machine for ALL games. They probably have hardware manufactures lined up eg. Samsung, Toshiba, Panasonic, etc.
 
Also.. They have the NFL franchise on lock. Next they will buy the rights to the NBA. If you want sports you can forget about sony, nintendo, xbox.... you will have to but the EA Universal gaming super system, that does every thing - bluray, tv, and gaming...
 
nooooooo. even though the first bid was rejected they are trying the hostile take over attempt :mad: I hope GTA IV makes them a ton of money so they can say F you to EA. I don't like any EA games :(
 
The most overlooked part of this is that they are trying to buy T2 for 2 reasons, 1. GTA$ is ready for sale. With all the preorders and hype, it could be a boon to the bottom line. 2. To utterly end any sports competition.

Soon we will only have the EA sports games to play. If you think EA is going to back off, you are wrong, they will just offer a bigger sum of money that they can't refuse.
 
I hate EA, they push games before they are ready to launch, and they have terrible support.
 
kmanuel said:
Also.. They have the NFL franchise on lock. Next they will buy the rights to the NBA. If you want sports you can forget about sony, nintendo, xbox.... you will have to but the EA Universal gaming super system, that does every thing - bluray, tv, and gaming...
Click to expand...


good thing i dont touch sports games with my 10 inch...
 
Some of take 2's devs have it in their contract that if there was a takeover they could jump ship. Rockstar is one of them. Even if EA gets take 2 they do not get GTA. They just want to take over sports by eliminating the competition. D-bags
 
alg7_munif said:
I hope that Take 2 would take the offer so that the executives can retire early.
Click to expand...

It would be good for them since they haven't even had the job for a year. The previous board was forcibly removed and replaced by shareholders last March. :) TTWO has had tons of problems over the years, mainly with upper management. It is the main reason I never bought stock in the company. That said, a time machine to last Friday so I could make a 50% return in one trading day wouldn't be a bad thing.
 
The circumstances here are so similar to MSFT's bid for YHOO a few weeks ago. Decent company in turmoil with unhappy shareholders gets a takeover bid for well over the current ask price, in the middle of a bear market to boot. If EA gets continued resistance from TTWO's board and are serious about a hostile takeover then they can go right over their heads and take it right to the shareholders. Considering that TTWO has been a boat that I imagine most of its shareholders want to get out of right now (just like YHOO), they may just turn the company over in exchange for cash or a 1:1 exchange of EA stock. Easy out for them.
 
You must log in or register to reply here.
Back
Top