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Check it out at Take 2 Games.

Quote:
" Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today responded to Electronic Arts Inc.'s (NASDAQ:ERTS) announcement that it is extending for a third time its unsolicited conditional tender offer to acquire all of Take-Two's outstanding shares.

As reported by EA, only 6,210,261 of Take-Two's outstanding shares, or approximately 8.0% of the total, tendered into EA's offer as of 5:00 p.m. Eastern time on May 16, 2008.

Strauss Zelnick, Chairman of the Board of Take-Two, commented, "This is the same highly conditional proposal that EA offered Take-Two stockholders on March 13, 2008, which our Board of Directors thoroughly reviewed and unanimously determined to be inadequate and contrary to the best interests of Take-Two's stockholders. As such, the recommendation of our Board of Directors that stockholders not tender their shares to EA remains unchanged. The Board is committed to maximizing stockholder value and is exploring all strategic alternatives to do so. We said we were willing to begin formal discussions with interested parties on April 30, following the launch of Grand Theft Auto IV, and we have in fact begun that process. We are confident in the significant growth potential of Take-Two and in the unique value of our business given our strong position in this growing and dynamic industry."

Member Comments
# 1 madmastermind @ 05/19/08 12:16 PM
CVG link isn't working.
 
# 2 bkfount @ 05/19/08 12:20 PM
I outscooped the boss, and posted the direct link in one of the other threads. Take Two even puts a % number on how much EA has bought so far.

http://ir.take2games.com/ReleaseDeta...leaseID=310995
 
# 3 Hassan Darkside @ 05/19/08 12:44 PM
So we can breathe another day...even though somebody has a hand on our throats.
 
# 4 Steve_OS @ 05/19/08 12:50 PM
Yeah, it loads extremely slow at CVG, so I updated the post w/ bkfount's link. Thanks
 
# 5 spit_bubble @ 05/19/08 04:21 PM
"The Board is committed to maximizing stockholder value and is exploring all strategic alternatives to do so. We said we were willing to begin formal discussions with interested parties on April 30, following the launch of Grand Theft Auto IV, and we have in fact begun that process."

-Strauss Zelnick, Chairman of the Board of Take-Two


Who are these interested parties with whom they are having formal discussions???

Could Sony and/or Microsoft be talking to them?!
 
# 6 jmood88 @ 05/19/08 05:14 PM
If EA does end up buying them I hope it at least doesn't happen until after nba2k9 is released.
 
# 7 edaddy @ 05/19/08 07:16 PM
Quote:
Originally Posted by jmood88
If EA does end up buying them I hope it at least doesn't happen until after nba2k9 is released.
I think that will be the case.i think that Take Two is holding out for one last revenue producing push with it,s upcoming games(Prizefighter,top Spin,NBA 2K9 etc.) and then will let it go.
 
# 8 muggins @ 05/19/08 09:56 PM
Quote:
Originally Posted by edaddy
I think that will be the case.i think that Take Two is holding out for one last revenue producing push with it,s upcoming games(Prizefighter,top Spin,NBA 2K9 etc.) and then will let it go.
And the next Bioshock (in 2009) which will be huge.
 
# 9 spit_bubble @ 05/21/08 01:09 PM
Quote:
Originally Posted by koshi
Who are these interested parties with whom they are having formal discussions???


Maybe it's from outside the gaming sector?
 
# 10 savoie2006 @ 05/21/08 01:28 PM
I don't think anyone else is pursuing Take Two.I think Take Two would like EA to believe that so they would consider upping the offer,but I think the talks are strictly between EA and Take Two.

It would be nice though,if the buyout did happen and Visual Concepts walked and joined forces with Activision.
 
# 11 bkfount @ 05/21/08 01:31 PM
Quote:
Originally Posted by savoie2006
I don't think anyone else is pursuing Take Two.I think Take Two would like EA to believe that so they would consider upping the offer,but I think the talks are strictly between EA and Take Two.
same as when you're selling a car. The thing is, no outside company will value Take Two as much as EA does.
 
# 12 spit_bubble @ 05/21/08 02:58 PM
Quote:
Originally Posted by bkfount
same as when you're selling a car. The thing is, no outside company will value Take Two as much as EA does.
Eh... I think Sony or Microsoft wouldn't mind having GTA as an exclusive.

And it could be some other huge conglomerate out there, looking to absorb part of the gaming industry.
 
# 13 wildthing2022000 @ 05/21/08 03:24 PM
Quote:
Originally Posted by koshi
Eh... I think Sony or Microsoft wouldn't mind having GTA as an exclusive.

And it could be some other huge conglomerate out there, looking to absorb part of the gaming industry.
How about Nintendo just so they can have GTA: Mushroom Kingdom.
 
# 14 bkfount @ 05/21/08 03:28 PM
Quote:
Originally Posted by koshi
Eh... I think Sony or Microsoft wouldn't mind having GTA as an exclusive.

And it could be some other huge conglomerate out there, looking to absorb part of the gaming industry.
Take Two rejected EA's offer by saying it's not enough, so another company will have to top that, while EA has already started slowly getting shares.
 
# 15 rspencer86 @ 05/22/08 11:37 AM
Quote:
Originally Posted by koshi
And it could be some other huge conglomerate out there, looking to absorb part of the gaming industry.
Google should throw their hat into the ring. They certainly have the money, and their huge staff of techno wizards could probably do some interesting things with video games.

I mean, if Google is going to take over the world anyway, why not?
 
# 16 Radja @ 05/22/08 08:15 PM
nobody publicly has expressed interest in 2k. but you can rest assured that activision, sony, nintendo and microsoft are watching this. EA right now says they are delaying because there might be anti-trust issues and the FTC is looking into that. so if you are a competitor why publicly get involved if you don't need to? however, as a business you never want to give a competitor an exclusive part of your industry without a fight, so there are contingency plans being formulated by lawyers and accountants right now at those companies.

the big part for competitor developers is the sports exclusivity ea would gain with adding take two. there have been other rumors that have said EA wants its own console eventually. if they get all sports licenses, they would be able to do what ever & charge whatever they want. they already showed they have the power to make microsoft give in with xbox live.

so if an EA console is even remotely true, no video game developer is going to even chance having to develop games for its hated rivals console. however, without sports games, any other console would barely survive. if the FTC rules there are no anti-trust issues, expect someone to come in and at least make this a two or three horse race.

personally, i believe EA is delaying for a bigger reason than take two balking at the offer. either they have lied about their position of being able to arrange a hostile takeover or i don't think the lawyers have yet to give the thumbs up for a hostile takeover, because something does not quite smell right for them.
 
# 17 AuburnAlumni @ 05/22/08 11:31 PM
NO NFL2k
NO College Hoops2k
NO NBA2k

Good god..that world is a nightmare to live in.

I'd have to quit playing BBall video games because quite frankly EA is HORRIBLE...I mean....HORRIBLE at Basketball games.
 
# 18 Gagnon39 @ 05/23/08 12:08 AM
Quote:
Originally Posted by AuburnAlumni
NO NFL2k
NO College Hoops2k
NO NBA2k

Good god..that world is a nightmare to live in.

I'd have to quit playing BBall video games because quite frankly EA is HORRIBLE...I mean....HORRIBLE at Basketball games.
If this means that the MVP series lives again, I'm all for it. Baseball video games are my favorite and there's not been a good one since MVP 2005. I would sacrifice every other game I have or will have if the MVP series would make a return to next-gen. I don't think that will happen even if Take-Two is bought out. Being as how the engine is now 3+ years old EA would come out with some new engine which would never be as good as the MVP engine. Oh, well, here's to yesteryear.
 
# 19 rspencer86 @ 05/23/08 12:11 AM
Quote:
Originally Posted by Gagnon39
If this means that the MVP series lives again, I'm all for it. Baseball video games are my favorite and there's not been a good one since MVP 2005. I would sacrifice every other game I have or will have if the MVP series would make a return to next-gen. I don't think that will happen even if Take-Two is bought out. Being as how the engine is now 3+ years old EA would come out with some new engine which would never be as good as the MVP engine. Oh, well, here's to yesteryear.
I loved MVP as much as the next guy, but I'd argue that The Show compares quite favorably to the MVP series. I'd love to see MVP return, though.
 
# 20 av7 @ 05/23/08 01:19 AM
EA needs to focus on other things which we all know. Cant remember where I read it but an attorney said those working under Take-Two may have clauses in their contracts to walk away if the company exchanges ownership..shall be interesting to see who goes and stays
 

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