The move to circumvent Take-Two's board of directors and approach shareholders directly marks an appreciably hostile turn in EA attempts to complete their latest acquisition. The board has urged shareholders to take no action at this time pending its review of the offer.
Previously, it has maintained that the EA bid is of insufficient value to be accepted, and has decried its timing in relation to the April release of Grand Theft Auto IV as opportunistic.
The offer is said to expire at midnight April 11, a day after Take-Two's annual shareholders meeting. Analysts project that there will likely need to be an increased offer to complete a takeover in the near term, and also that EA may walk away in the hope of a less costly acquisition down the road if shareholders stand their ground looking for a higher price.
When EA initially made its advances public, the $2 billion valuation of Take-Two constituted a 50% premium over the closing price of the company's shares. Subsequently, shares have been trading for around (and briefly above) the $26 level, and are expected to spike upwards again with the release of GTA IV.
In publicly divulged correspondence with Take-Two, EA contends that the market currently reflects expectations of strong sales for GTA IV, hence its valuation is fair and the deal should be made prior to the April 29 launch date. Take-Two's directors have pledged to further discuss any offers only after that date, also noting that other suitors have approached them since EA's bid was made public.
while all your good ideas are spit onto the sidewalk
I'm for EA because I find Take-Two, Rockstar especially, to be one of the most repulsive overrated companies going.
If this were EA buying up some small studio that could be an argument, but this is EA buying Take 2. I don't see how EA controlling Take 2 is any worse than them being separate entities.I'm for EA because I find Take-Two, Rockstar especially, to be one of the most repulsive overrated companies going.
This isn't a good reason to create a conglomerate media giant who can dictate what we do and do not play. EA is already the Time Warner of video games, the last thing I want them to do is have MORE say in what games get released and what doesn't.
Plus they release licensed ****, which is ten times morally inferior to anything Rockstar ever released.
More autonomy! Less monopoly! Down with free market!
I'm for EA because I find Take-Two, Rockstar especially, to be one of the most repulsive overrated companies going.
This isn't a good reason to create a conglomerate media giant who can dictate what we do and do not play. EA is already the Time Warner of video games, the last thing I want them to do is have MORE say in what games get released and what doesn't.
Plus they release licensed ****, which is ten times morally inferior to anything Rockstar ever released.
More autonomy! Less monopoly! Down with free market!
I'm sorry GP, but I like Take Two. They've got their own flavor and style, and they're trying to push some new boundaries that haven't been pushed before. I'd hate to see EA repress that spirit of hurtling freedom.
Don't you ever, ever call Civilization cookie-cutter ever again. Civ IV introduced huge improvements and innovations and the Beyond the Sword expansion pack had enough content that it could have justified a full sequel all on its own. I <3 Sid Meier, second only to Miyamoto on the list of greatest game developers of all time.I'm sorry GP, but I like Take Two. They've got their own flavor and style, and they're trying to push some new boundaries that haven't been pushed before. I'd hate to see EA repress that spirit of hurtling freedom.
What has Take-Two really done lately? Bioshock is about it besides regurgitating the GTA franchise and sports games. Heck I think most of their franchises are cookie cutter sequels now, whether it be Civilization, Dungeon Seige (never a great game), and Elder Scrolls (Probably their highest quality franchise).
Don't you ever, ever call Civilization cookie-cutter ever again. Civ IV introduced huge improvements and innovations and the Beyond the Sword expansion pack had enough content that it could have justified a full sequel all on its own. I <3 Sid Meier, second only to Miyamoto on the list of greatest game developers of all time.I'm sorry GP, but I like Take Two. They've got their own flavor and style, and they're trying to push some new boundaries that haven't been pushed before. I'd hate to see EA repress that spirit of hurtling freedom.
What has Take-Two really done lately? Bioshock is about it besides regurgitating the GTA franchise and sports games. Heck I think most of their franchises are cookie cutter sequels now, whether it be Civilization, Dungeon Seige (never a great game), and Elder Scrolls (Probably their highest quality franchise).
As an aside: I think Rockstar made Smuggler's Run Warzones for the GCN as well?
As an aside: I think Rockstar made Smuggler's Run Warzones for the GCN as well?
Yes they did, I have that game :)
As an aside: I think Rockstar made Smuggler's Run Warzones for the GCN as well?
Yes they did, I have that game :)
You have my sympathy.
As an aside: I think Rockstar made Smuggler's Run Warzones for the GCN as well?
Yes they did, I have that game :)
You have my sympathy.
Ya thanks, my prayers are with me.
Then they can merge with each other and have awful monopoly babies.
I just wish MLB 2K8 for the Wii had received the same attention as Madden for the Wii has. They got the controls (mostly) down, but the game is far from polished and is missing features that could have definitely been done on the Wii, but Take 2 didn't give it the time or resources.
I just wish MLB 2K8 for the Wii had received the same attention as Madden for the Wii has. They got the controls (mostly) down, but the game is far from polished and is missing features that could have definitely been done on the Wii, but Take 2 didn't give it the time or resources.
i wish mlb 2k8 was a good game. its really sad when the last good baseball game was all star baseball. so sad.
maybe after purchasing take 2 they'll have enough manpower to make their own console.
