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Edge has posted an article entitled, EA and Take-Two: Now What?

Quote:
"Take-Two and Electronic Arts have been going at it for nearly half a year, firing shots back and forth as both companies flex their muscles in attempts to impress shareholders, or perhaps to scare the other into submission.

On Monday, EA offered a supposed cease fire in its battle to acquire Take-Two by saying it would let its current hostile offer of $25.74 per share expire by the end of the day. The Redwood City, Calif.-based megapublisher, led by chief exec John Riccitiello, also agreed to view a management presentation by Take-Two, during which the company will try to convince EA that the offer needs to be upped."

Member Comments
# 1 savoie2006 @ 08/23/08 01:16 PM
Well apparently the FTC has approved of an EA purchase,if it were to happen.
http://www.cbc.ca/technology/story/2...0/tech-ea.html
 
# 2 Steelersfan85 @ 08/23/08 09:44 PM
I read the article and one of the analysts said "EA withdrawing the offer makes it more likely that they could walk away from the deal. It is a 50/50 chance." We still have hope!
 
# 3 savoie2006 @ 08/24/08 12:36 AM
It's very possible.Something similar happened just recently between Yahoo and Microsoft,though I think EA and Take Two are on a bit friendlier terms.I really hope it doesn't happen,but I feel Take Two wants it to happen.If not with EA than somebody.The big difference is,somebody else might let Take Two continue with their sports games.
 
# 4 Steelersfan85 @ 08/24/08 03:12 AM
If EA would let them continue to make there sports games then it would make everyone happy. 2k sports gamers are going to be mad at EA and are not going to buy there product but if they let them make their games still they would still be the ones getting the profits, a win-win situation for everyone.
 
# 5 Steelersfan85 @ 08/25/08 01:16 AM
I know EA would never do that and that is why I am praying that someone else, anyone comes and buts out Take Two instead. The odds of that are very slim and I think that dreadful day will come sooner rather then later.

Without Take-Two EA has no competition for basketball so there games would continue to suck. There baseball game was always decent but I would not buy it. The Show is good enough for me. College Hoops will continue to stay alive just like 2k5 with the file share. I could still get my sports fix for free instead of paying $60 for roster updates with useless/broken new features. In the end I will save money because I am boycotting EA. I know it won't have much of a difference but I can't stand a company that releases the same crappy games year after year.
 
# 6 mercalnd @ 08/25/08 10:15 AM
Quote:
Originally Posted by Steelersfan85
If EA would let them continue to make there sports games then it would make everyone happy. 2k sports gamers are going to be mad at EA and are not going to buy there product but if they let them make their games still they would still be the ones getting the profits, a win-win situation for everyone.
That might work if 2K Sports was profitable, but it's never been. The only game of theirs to turn a profit has been the NBA 2K series in recent years. But on the whole, that division posts a net loss every year so in that context EA would be absorbing their losses rather than getting their profits, hardly a win-win. The only way the 2K Sports brand survives is if they're not sold at all or sold to another company that sees potential in the division and hopes to make it profitable.
 
# 7 Pete1210 @ 08/25/08 09:36 PM
EA and Take-Two Enter Confidential Talks About Merger

The saga never ends. Today, Electronic Arts and Take-Two entered into a confidentiality agreement after engaging in private talks with each other discussing a possible Electronic Arts takeover of Take-Two.

“As a result, EA does not intend to make any further announcements regarding the status of any discussions or negotiations with Take-Two unless and until discussions between EA and Take-Two have been terminated or such parties have entered into a transaction,” Electronic Arts said in a statement released today.

For months, it appeared that EA was on the cusp of buying Take-Two out. A week ago, Electronic Arts allowed their previous bid of $25.74 a share for Take-Two expire, appearing to crush the opportunity for EA to buy out Take-Two by the end of the year.

These private talks now seem to clear the way for the takeover. Wedbush Morgan Securities analyst Michael Pachter believes that a deal is likely.

“I think Take-Two … is going to negotiate a dollar (per share) higher and then claim victory. A deal is going to get done,” Pachter said.

http://www.endsights.com/?p=282
 
# 8 Mintsa @ 08/25/08 11:20 PM
Quote:
Originally Posted by mike95
EA and Take-Two Enter Confidential Talks About Merger

The saga never ends. Today, Electronic Arts and Take-Two entered into a confidentiality agreement after engaging in private talks with each other discussing a possible Electronic Arts takeover of Take-Two.

“As a result, EA does not intend to make any further announcements regarding the status of any discussions or negotiations with Take-Two unless and until discussions between EA and Take-Two have been terminated or such parties have entered into a transaction,” Electronic Arts said in a statement released today.

For months, it appeared that EA was on the cusp of buying Take-Two out. A week ago, Electronic Arts allowed their previous bid of $25.74 a share for Take-Two expire, appearing to crush the opportunity for EA to buy out Take-Two by the end of the year.

These private talks now seem to clear the way for the takeover. Wedbush Morgan Securities analyst Michael Pachter believes that a deal is likely.

“I think Take-Two … is going to negotiate a dollar (per share) higher and then claim victory. A deal is going to get done,” Pachter said.

http://www.endsights.com/?p=282

Oh oh.............
 

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