Take-Two Remains in Discussions With Other Parties

[Steve_OS]

Videogamer has the scoop.

Quote:

"Take-Two has responded to EA's announcement that it does not intend to pursue an acquisition of Take-Two at this time. Strauss Zelnick, chairman of the Board of Take-Two, commented: "We remain focused on creating value for our stockholders and our consumers. This has been our goal since EA launched its conditional and unsolicited bid six months ago, a bid which was repeatedly rejected by our stockholders. As part of that commitment, we remain actively engaged in discussions with other parties in the context of our formal process to consider strategic alternatives. We're especially proud of the success we've enjoyed over the past eighteen months and we remain confident in our ability to generate value for stockholders."

[aenggeorge]

AND TTO FANS ARE SAYIN WHAT ARE YOU DOIN???? WULE EA FANS ARES ARE YEAH NUTZ??? AS BOTH STOCKS ARE PLUNGIN! http://www.marketwatch.com/News/Story/Story.aspx?guid={FD6841BD-83F2-4FD1-8002-471279F8C87E}&siteid=yhoof2

[bkfount]

Take Two better know what they were doing, as EA's offer probably won't be topped, or even matched at this point.

GTA 4 sales are below expectation..

http://www.gamesindustry.biz/article...take-two-talks

and take two shares are now lower than before EA offered $25 a share...

http://biz.yahoo.com/rb/080915/taketwo_shares.html?.v=3

[shadowpuppet]

classic mistake take-two. dont get greedy. especially given todays financial landscape.

[DTX3]

Quote: Originally Posted by aenggeorge

AND TTO FANS ARE SAYIN WHAT ARE YOU DOIN???? WULE EA FANS ARES ARE YEAH NUTZ??? AS BOTH STOCKS ARE PLUNGIN! http://www.marketwatch.com/News/Story/Story.aspx?guid={FD6841BD-83F2-4FD1-8002-471279F8C87E}&siteid=yhoof2

For reals mane!?

I hope Microsoft gets them.

[kcxiv]

Quote: Originally Posted by bkfount

Take Two better know what they were doing, as EA's offer probably won't be topped, or even matched at this point. GTA 4 sales are below expectation.. http://www.gamesindustry.biz/article...take-two-talks and take two shares are now lower than before EA offered $25 a share... http://biz.yahoo.com/rb/080915/taketwo_shares.html?.v=3

To be fair they did sell something like 100million more then they expected in the first week or something like that.

[Cusefan]

Quote: Originally Posted by DTX3

For reals mane!? I hope Microsoft gets them.

I wouldnt mind Microsoft, but i am hoping Activision-Blizzard buys them. Then EA would really need to step up their game.

[BlackNGold]

Quote: Originally Posted by aenggeorge

AND TTO FANS ARE SAYIN WHAT ARE YOU DOIN???? WULE EA FANS ARES ARE YEAH NUTZ??? AS BOTH STOCKS ARE PLUNGIN! http://www.marketwatch.com/News/Story/Story.aspx?guid={FD6841BD-83F2-4FD1-8002-471279F8C87E}&siteid=yhoof2

Both are plunging? Did you even read the article? TT fell almost 30% while EA went down just over 3%.

[Hangtime84]

Quote: Originally Posted by EXcusefan

I wouldnt mind Microsoft, but i am hoping Activision-Blizzard buys them. Then EA would really need to step up their game.

If they bought take-two watch out!

[bkfount]

Quote: Originally Posted by kcxiv

To be fair they did sell something like 100million more then they expected in the first week or something like that.

I'm not saying it sold poorly. In fact, they sold it to a higher percentage of ps3/360 console owners than San Andreas did last generation with more ps2's available. They also have yet to release the PC version.

The below expectation thing just shows that Rockstar and Take Two though this game would last longer, but sales have fallen off. I doubt the DLC helps much either, as if that interested buyers, they would have bought it months ago when it wasn't delayed until the end of the year or early 2009 yet.