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VideoGaming247 has the scoop.

Quote:
"Lazard Capital’s Colin Sebastian just issued a note on last night’s EA financials saying that news on the company’s proposed buyout of Take-Two can be expected next Monday.

“Expect update on TTWO bid by Monday morning,” he said. “We continue to believe that the current offer of $25.74 per share would be accretive to earnings for Electronic Arts, as well as fill several meaningful product gaps."

Member Comments
# 1 bigfnjoe96 @ 05/14/08 09:49 AM
EA is desperate as they have just posted losses for the 4th quarter & it don't look good. To the tone of 94 million or 30 cents a share..

http://www.bloomberg.com/apps/news?p...srU&refer=news

I really hope Take-2 holds it's ground. EA is on a mission to reclaim their #1 publisher spot which they now have lost with the Activision/Vivendi merger..

And the saga continues.........
 
# 2 bkfount @ 05/14/08 09:59 AM
Quote:
Originally Posted by grunt
If true, I will a text sim gamer.

Peace
they'd lose lots of people, but people who were probably not EA fans anyways. EA is aiming at picking up casual gamers with their growing umbrella of sports titles, as well those swayed by EA having the only league licensed products on the market.

I always figured this would happen before the summer. They're just playing the negotiating game, and TT just threw out their ace in GTA4. Now they'll command a slightly larger buyout from EA, which is what TT wanted all along anyways. EA will eventually feel happy to do so.
 
# 3 Mintsa @ 05/14/08 10:08 AM
RIP NBA 2k (2K - 2K8)

I will never forget thee
 
# 4 boomhauertjs @ 05/14/08 10:18 AM
I'm glad they included a 100 CAPs in NBA 2k8, so I can update it for at least another year or two.

The bad thing is that 2kShare for CH2k8 will go bye-bye because it would hurt sales of March Madness 09.
 
# 5 bcruise @ 05/14/08 10:56 AM
Can we at least wait until more than a 5 sentence article (2 of which are quotes) on this is posted before we start the doom and gloom?
 
# 6 muggins @ 05/14/08 11:44 AM
Quote:
Originally Posted by bcruise
Can we at least wait until more than a 5 sentence article (2 of which are quotes) on this is posted before we start the doom and gloom?
Armchair marketing / financial consulting is a major staple here at OS
 
# 7 bkfount @ 05/14/08 11:46 AM
Quote:
Originally Posted by mugginns
Armchair marketing / financial consulting is a major staple here at OS
especially when it's the truth. EA will get Take Two. Take Two wants to sell to EA. All that's holding it up is money, unlike the bid MS put in for Yahoo. Some people just don't want to accept it.
 
# 8 ZB9 @ 05/14/08 12:00 PM
Quote:
Originally Posted by bcruise
Can we at least wait until more than a 5 sentence article (2 of which are quotes) on this is posted before we start the doom and gloom?
no kidding
 
# 9 allBthere @ 05/14/08 12:24 PM
Quote:
Originally Posted by bkfount
especially when it's the truth. EA will get Take Two. Take Two wants to sell to EA. All that's holding it up is money, unlike the bid MS put in for Yahoo. Some people just don't want to accept it.

statements like this are "amature hour".

Since EA's decision to attempt a buyout, their offer has gone down in price, and the shareholders have not accepted.

Any shareholder could sell their shares right now (or a portion of them) on the open market for a profit (more than EA is offering).

It's not that people won't accept the inevitable..it's that it isn't inevitable to begin with.

Patcher's comment that there was no way the deal wouldn't go through BEFORE GTA4 release is an example of this attitude. Why doesn't he an others account for their declarative statements when they're wrong? And given their reasoning to begin with (and lack of a supporting argument) what can they say?

If there is no deal in 2008, what will you say?
 
# 10 Rocky @ 05/14/08 12:40 PM
GTA with a EA sticker next to it will make me sick to my stomach.
 
# 11 MMChrisS @ 05/14/08 01:25 PM
Quote:
Originally Posted by allBthere
statements like this are "amature hour".

Since EA's decision to attempt a buyout, their offer has gone down in price, and the shareholders have not accepted.

Any shareholder could sell their shares right now (or a portion of them) on the open market for a profit (more than EA is offering).

It's not that people won't accept the inevitable..it's that it isn't inevitable to begin with.

Patcher's comment that there was no way the deal wouldn't go through BEFORE GTA4 release is an example of this attitude. Why doesn't he an others account for their declarative statements when they're wrong? And given their reasoning to begin with (and lack of a supporting argument) what can they say?

If there is no deal in 2008, what will you say?
The problem is the day EA withdraws their bid for Take Two that stock is going right back down where it was the day before the buyout deal broke. So the people who own shares in Take Two will lose a TON of potential money if the buyout doesn't go through. GTA IV's huge sales reports haven't moved the stock any just yet...earnings reports will move them, but not by much, and in the end the stock won't be this valuable for a long time if ever if the deal is broken off. That's why most people are saying the deal will be done soon..
 
# 12 muggins @ 05/14/08 01:31 PM
Quote:
Originally Posted by bkfount
especially when it's the truth. EA will get Take Two. Take Two wants to sell to EA. All that's holding it up is money, unlike the bid MS put in for Yahoo. Some people just don't want to accept it.
Like I said... armchair. Video game 'financial analysts' on the web are some of the worst analysts around. Take every article they write with a grain of salt.
 
# 13 spit_bubble @ 05/14/08 02:11 PM
I would just like to say that buyouts and mergers aren't always a bad thing. Talented developers will still be out there, still looking for work.

I think people need to look at the bigger industry picture and see that during this transition into the latest consoles there very well might be some reshuffling. The dust will settle over the next year or two, roots will start to take hold, and companies will have a firm base to work from.

Yeah we might lose some franchises, but the industry will still bear fruit. So settle down, and see what grows... Watch Backbreaker bloom... Consider the return of Tecmo Bowl... Ponder the possibility of a new Baseball Stars... Read a book maybe?
 
# 14 bkfount @ 05/14/08 02:40 PM
Quote:
Originally Posted by allBthere
statements like this are "amature hour".

Since EA's decision to attempt a buyout, their offer has gone down in price, and the shareholders have not accepted.

Any shareholder could sell their shares right now (or a portion of them) on the open market for a profit (more than EA is offering).

It's not that people won't accept the inevitable..it's that it isn't inevitable to begin with.

Patcher's comment that there was no way the deal wouldn't go through BEFORE GTA4 release is an example of this attitude. Why doesn't he an others account for their declarative statements when they're wrong? And given their reasoning to begin with (and lack of a supporting argument) what can they say?

If there is no deal in 2008, what will you say?
lol, this is just part of the negotiating. Regardless of what the analysts said earlier, TT had little to zero incentive to sell before GTA came out. Their flagship title had yet to be released to reel in the millions that it did. EA was just hoping they'd accept because they've been seeking a buyer for years. EA's bid alone inflated the stock price, as lots of people bought in just to make money off the deal.

So they held off, and now that the game is out, EA will come back with an offer of an extra billion or whatever looks more appropriate now. It's all negotiating by Take Two to get the most for management and shareholders in any buyout attempt. It's their job.
 
# 15 bcruise @ 05/15/08 02:31 AM
See, here's the thing. This big news is supposedly coming on Monday, but the post GTAIV deadline set on this deal is.....this Friday. Why wouldn't EA announce ON FRIDAY if they've bought T2?
 
# 16 texbuk84 @ 05/15/08 05:59 AM
dudes its over. ttwo will fold because of their shareholders who are rich greedy people who care nothing about the lower gamers like us. no more 2k no more mlb the show and madden continues to such year in and year out, live and march madness hasnt been good since the crucifixtion and the gamers out their are left to dry. i apologize if im ranting but i know im not the only one who feels like this.
 
# 17 mvb34 @ 05/15/08 09:57 AM
Quote:
Originally Posted by jwil5050
dudes its over. ttwo will fold because of their shareholders who are rich greedy people who care nothing about the lower gamers like us. no more 2k no more mlb the show and madden continues to such year in and year out, live and march madness hasnt been good since the crucifixtion and the gamers out their are left to dry. i apologize if im ranting but i know im not the only one who feels like this.
MLB The Show is by Sony not Take-Two.
 
# 18 DaveDQ @ 05/15/08 10:40 AM
This is the end, my only friend, the end. I'll never look into your eyes...again.

Will this buy out be worse for you than when the exclusive deal between EA and the NFL happened? Or, did the EA/NFL deal prove to you that the buyout was inevitable?
 
# 19 muggins @ 05/15/08 01:05 PM
Quote:
Originally Posted by grunt
Quote:
"These are the kids on the island in 'Lord of the Flies,' " says Michael Pachter, an analyst at Wedbush Morgan Securities. "Are they manageable? No one knows."
haha this is one of the dumbest quotes I've ever read
 
# 20 spit_bubble @ 05/16/08 05:25 AM
Quote:
Originally Posted by grunt
"Since he became CEO at EA last year, John Riccitiello has said he hopes to encourage more creative risk-taking by giving game makers more autonomy within independent "labels" at the company..."

Now if only he would hire true sports people for EA Sports and it's various projects... Not saying they don't exist to some degree already, but rather get the best sports gaming people in there, from top to bottom...

And this is what I meant in my first post (#16 in this thread). If the deal goes down, and EA Sports plucks all the talent from 2K... While at the same time getting rid of it's own dead weight... Things could turn out just fine, or even possibly for the better... (edit: well, in terms of quality product... Not the "dead weight")

There is still stormy weather ahead, with the PS2 still selling better than the PS3 for example (SOURCE), but eventually there will be clear skies (that PS2 outselling the PS3 article also states that by percentage the PS2 is on the decline, while the PS3 is on the upswing).

Rain is necessary you know. It helps things grow.
 

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