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And the beat goes on, according to Forbes.

Quote:
"The Board of Directors of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that it has thoroughly reviewed Electronic Arts Inc.'s (NASDAQ: ERTS; "EA") unsolicited conditional tender offer with the assistance of its financial and legal advisors and unanimously determined that the $26.00 per share cash offer is inadequate in multiple respects and contrary to the best interests of Take-Two's stockholders. Accordingly, the Board recommends that stockholders not tender any of their shares to EA. The basis for the Board's unanimous decision is set forth in Take-Two's Schedule 14D-9 filed today with the Securities and Exchange Commission."

Member Comments
# 1 Goffs @ 03/26/08 08:45 AM
ugh...i cant wait till this is all over with...
 
# 2 aenggeorge @ 03/26/08 09:06 AM
and steveo beat me too it!
 
# 3 Mintsa @ 03/26/08 09:20 AM
SO is this good news ????
 
# 4 bkfount @ 03/26/08 09:46 AM
no, as it's just more talk from take two trying to keep stockholders from selling. This doesn't keep EA from going after shares at all.
 
# 5 newgen1 @ 03/26/08 10:40 AM
TT wants to hold off until GTA is released because the stock will jump much higher. If EA tries to do a hostal take over before then the poison pill will take place and TT is hoping that EA back off. Its very messy. I hope TT prevails.
 
# 6 bkfount @ 03/26/08 10:51 AM
Quote:
Originally Posted by newgen1
TT wants to hold off until GTA is released because the stock will jump much higher. If EA tries to do a hostal take over before then the poison pill will take place and TT is hoping that EA back off. Its very messy. I hope TT prevails.
I'm not Jim Kramer, but I would think that the GTA profits are built into their stock price already. I mean, it's not like the game's success will be a huge secret or surprise.
 
# 7 aholbert32 @ 03/26/08 10:54 AM
Nothing is going to happen for the next few months folks. TT isnt going to accept an offer before GTA releases and before the first sales figures are posted. The stock is current at 26 bucks and thats before GTA drops. After GTA drops and its sells like crazy, the stock will be in the 30s if not slightly higher. Its going to be hard for EA to convince stockholders (including me) to sell the stock for 26 when its trading at that amount now. EA will have to increase their offer in order to get shareholders to sell.
 
# 8 aholbert32 @ 03/26/08 10:56 AM
Quote:
Originally Posted by bkfount
I'm not Jim Kramer, but I would think that the GTA profits are built into their stock price already. I mean, it's not like the game's success will be a huge secret or surprise.
Not exactly. TT and the market's estimates are built into the stock price but the stock will fluctuate up or down depending on how well it sells. If TT estimated 4 million units will be sold and the game tracks to sell six, the stock will jump.
 
# 9 allBthere @ 03/26/08 12:22 PM
Quote:
Originally Posted by aholbert32
Not exactly. TT and the market's estimates are built into the stock price but the stock will fluctuate up or down depending on how well it sells. If TT estimated 4 million units will be sold and the game tracks to sell six, the stock will jump.
absolutely correct, and if you look at other game companies stock this holds true too. For the last few years EA's stock jumps to a 52 week high after Madden drops, and usually has it's 52 week low relatively close to before its launch june/july

TT's stock has been above 23 a share 5 times in the last 5 years and below 17 about 7 times in the last 5 years.
 
# 10 Artman22 @ 03/26/08 09:34 PM
Quote:
Originally Posted by kcxiv
GTAIV is going to shatter record sales i think. Everyone i know with a next gen console is getting this. People that arent even really gamers. This should be interesting to watch though.

1 thing i like though is this is Take Twos 2nd FU to EA. How can people not like this? hehe.
LOL i agree. Im so glad they turned down EA. I hope GTA sells like crazy so the stocks will go up. I hope EA sinks..
 
# 11 texbuk84 @ 03/28/08 01:05 AM
i am an employee at game stop and AT GAME STOP AND EB GAMES ALONE, GTA IS UP TO 8 MILLION COPIES RESERVED. this game is going to sell like crazy and plus they have a new bio-shock coming out by the new 2k team and its going to be on ps3 also. ttwo is headed in the right direction and we will see them rise to the top of the gaming world. just be patient, its just a matter of time
 
# 12 bkfount @ 03/28/08 09:09 AM
Quote:
Originally Posted by jwil5050
i am an employee at game stop and AT GAME STOP AND EB GAMES ALONE, GTA IS UP TO 8 MILLION COPIES RESERVED. this game is going to sell like crazy and plus they have a new bio-shock coming out by the new 2k team and its going to be on ps3 also. ttwo is headed in the right direction and we will see them rise to the top of the gaming world. just be patient, its just a matter of time
I'll wait and see before proclaiming they're going to be at the top. They've had good games for years, and have always either struggled for money or have had horrible management. EA has also said they are going to take their bid hostile, so in the end, what Take Two does is really irrelevant. EA will get them even if they have to spend more to do it.
 

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