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Videogaming247 has the scoop.

Quote:
"EA’s extended its tender offer for Take-Two, after capturing only 15 percent of the company’s shares with its previous deadline.

The offer is now valid until 11:59pm EST on August 18. This is the fourth time EA has extended its deadline in this way.

Take-Two chairman, Strauss Zelnick, responded, “Take-Two’s Board continues to be 100 percent committed to maximizing stockholder value and remains unanimous in continuing to recommend that our stockholders not tender their shares to EA."

Member Comments
# 1 bkfount @ 07/21/08 01:56 PM
"after capturing only 15 percent"

last time I checked, that's more than zero. If their offer is so insulting, why do they have more than zero shares? If they are even getting a slow trickle of people selling their T2 shares, then why not try to get at least 20-25% on the cheap with a ""inadequate" offer before raising the offer.
 
# 2 savoie2006 @ 07/21/08 02:48 PM
Exactly.EA,is apparently in no hurry right now.Why should they be?If they can continue to draw more of the shareholders in with the offer they have on the table,they might as well keep it as is.Then once they get a certain percentage,up the offer.I think we'll see at least one more extension after this then they will up their offer.
 
# 3 HechticSooner @ 07/21/08 04:17 PM
I for one actually hope that they don't succeed. I think that the competition that EA gets from 2k sports is the only thing keeping those titles as good as there are (which I know is not saying much). If one maker has the only sports titles I think that I will be forced to forget about ever getting a real sim ever.
 
# 4 wildthing2022000 @ 07/21/08 04:28 PM
TTWO now trading at $24.66
http://finance.yahoo.com/q?s=ttwo

I wonder how many more people will jump off & sell if it drops again tomorrow?
 
# 5 Goffs @ 07/21/08 09:19 PM
at this point i really dont care anymore...time for this drama to end...
 
# 6 Knight165 @ 07/24/08 02:09 AM
Quote:
Originally Posted by bkfount
"after capturing only 15 percent"

last time I checked, that's more than zero. If their offer is so insulting, why do they have more than zero shares?
bk

You have to realize that if someone(in this case EA) is willing to just have a buy order out there.....there are ALWAYS people willing to trade their shares...for ANY company. It's inevitable that EA would wind up with "more than zero" shares. This is not some case of EA's offer suddenly becoming appealing to shareholders.

M.K.
Knight165
 
# 7 bkfount @ 07/24/08 12:31 PM
Quote:
Originally Posted by Knight165
bk

You have to realize that if someone(in this case EA) is willing to just have a buy order out there.....there are ALWAYS people willing to trade their shares...for ANY company. It's inevitable that EA would wind up with "more than zero" shares. This is not some case of EA's offer suddenly becoming appealing to shareholders.

M.K.
Knight165
which is why EA probably knows what they are doing by extending the deadlines repeatedly. They'd like T2 to accept their offer as is, but if not, get the shareholders who will. It just means they have less shares to buy when they up the offer eventually.
 
# 8 wildthing2022000 @ 07/25/08 06:08 AM
http://finance.yahoo.com/echarts?s=T...urce=undefined

Dropped more than a dollar since Monday....
 
# 9 BigH2k6 @ 07/25/08 07:30 AM
Quote:
Originally Posted by wildthing2022000
http://finance.yahoo.com/echarts?s=T...urce=undefined

Dropped more than a dollar since Monday....
Electronic Arst has dropped as well. The market is so volatile right now that I don't take these quotes as having much substance right now.
 
# 10 wildthing2022000 @ 07/28/08 05:32 PM
Quote:
Originally Posted by BigH2k6
Electronic Arst has dropped as well. The market is so volatile right now that I don't take these quotes as having much substance right now.
Well it's not like EA's bid has dropped along with their stock price, it's still at $25.74 & Take Two's current price is $23.77. Even if it doesn't get them 51% right now it's hard to believe that some people aren't selling to them now in order to make a profit. My guess is that in the past few days EA probably has gained enough to reach the 20% plateau. Blizzard/Activision would have to wow TTWO stock holders with a huge offer ($26+ a share) in order to steal it from EA though it doesn't look they they could since they might lack the purchasing power & they would have to deal with EA since they last reportitly own 15% of the company already. Not to mention EA is in their yearly low at this time of year due to lack of major titles being released. You'll see their stock bounce back up around the holiday season when the big titles are released though who knows.
 
# 11 aenggeorge @ 07/28/08 06:41 PM
 
# 12 bkfount @ 07/28/08 10:29 PM
Quote:
Originally Posted by aenggeorge
nothing really shocking there. Just says that lots of game companies have losses at this time, as they back load their releases for the holidays. No one can honestly say that 2k is better off than EA, as they really have nothing huge coming out for the rest of the year, minus NHL 2k9 and Bioshock for the ps3.

I'm glad EA is putting out new franchises right now, and I'm interested in a few of them. They'll also have trusty games like NCAA and Madden doing what they usually do sales wise for them.
 
# 13 Mad 69 @ 07/29/08 01:41 PM
I sure as hell hope EA is unsuccessful in their attempt at taking over Take Two. I really hope someone buys EA, we all lose if EA is the only sports game producer. The lack of competition will allow EA to continue on their path of mediocrity.
 
# 14 savoie2006 @ 07/29/08 04:04 PM
Even if EA buys out Take Two,I see Visual Concepts defecting to try and team up with Activision or Ubisoft.
 
# 15 Mintsa @ 07/29/08 04:27 PM
^^^^^

But would they still have an NBA liscense to make a bball game with those two companies ???

I dont think they would, if EA buys take2, visual concepts can leave and make what ever they want but the only companies that have the liscense to make a "sim" game are EA, take2 & Sony & the only 2 "non sim" bball games that are allowed to alternate years are Street and Ballers.

So, even if VC defects and goes to activision or Ubi soft they wont have an NBA liscense to make a bball game unless they make an all pro bball or something.

I hope I'm wrong, but I think thats how it is.
 
# 16 savoie2006 @ 07/29/08 05:51 PM
Just because they buy Take Two,doesn't mean they buy the exclusive licenses as well.That's not how it works,trust me.Besides even if EA does end up with the licenses VC could always make sports games still and good ones at that.They would just have to include a very extensive creation and customization system(unlike what APF offered).
 
# 17 wildthing2022000 @ 08/05/08 04:08 AM
Just updating the latest stock prices before the market opens this morning:

TTWO: 22.95 down from 23.76 last week
ERTS: 41.80 down from 47.38 last week
ATVID: 34.16 down from 36.25 last week
 
# 18 DXZeke @ 08/05/08 05:31 AM
Quote:
Originally Posted by savoie2006
Just because they buy Take Two,doesn't mean they buy the exclusive licenses as well.That's not how it works,trust me.Besides even if EA does end up with the licenses VC could always make sports games still and good ones at that.They would just have to include a very extensive creation and customization system(unlike what APF offered).
I'd like too hope that VC would make a game like that, but they have yet too. Why would they put resources into a sports game with no license that only 100k people will buy? It's about making money now in this industry, it's not about making good games (on the average).
 
# 19 savoie2006 @ 08/05/08 10:34 AM
I honestly think APF could have sold alot more if it had been deeper.If it had some sort of Franchise Mode and deeper customization options.
 
# 20 jewelz1132 @ 08/05/08 05:23 PM
any truth to MS purchasing Take2?
 

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