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Head on over to Reuters for the scoop.

Quote:
"Video game makers Electronic Arts Inc and Take-Two Interactive Software, Inc signed a confidentiality agreement after agreeing to hold private talks about a potential transaction, EA said on Monday.

EA, publishers of the popular "Madden" and "Need for Speed" games, dropped its hostile pursuit last week of Take-Two, the maker of the hot "Grand Theft Auto" games, after Take-Two agreed to spell out its three-year product plans, but only in private."

Member Comments
# 1 nflnutt @ 08/26/08 11:48 AM
Death of the NBA 2k series, Coming soon to a console near you.
 
# 2 jmood88 @ 08/26/08 01:22 PM
I'm just hoping that the deal doesn't get done until after 2k9 comes out.
 
# 3 juicey79 @ 08/26/08 01:59 PM
2k9 would still be release regardless the outcome.
 
# 4 savoie2006 @ 08/26/08 02:22 PM
Well,at least this shows people that Take Two is up for a deal as well.It's not just EA trying to buy out the competition.
 
# 5 CMH @ 08/26/08 02:40 PM
Quote:
Originally Posted by savoie2006
Well,at least this shows people that Take Two is up for a deal as well.It's not just EA trying to buy out the competition.
Good luck persuading people to understand that.
 
# 6 mercalnd @ 08/26/08 02:46 PM
Quote:
Originally Posted by juicey79
2k9 would still be release regardless the outcome.
Yeah at this point both NHL and NBA 2K9 are coming out regardless of what happens. Even if they strike a deal tomorrow (highly unlikely) it won't even be finalized before the hollidays.
 
# 7 Beantown @ 08/26/08 03:26 PM
At least this will finally be over with.
 
# 8 Knight165 @ 08/26/08 04:19 PM
Quote:
Originally Posted by YankeePride
Good luck persuading people to understand that.
Maybe because the statement in that context is misleading.

It's akin to this.
You have a nice home...worth about $500,000. You don't have it on the market...you're content to just live out the rest of your days and tend the garden.
Along comes a developer and offers you $700,000 dollars. He's been buying up homes in the area for a couple of years and the hand writing is on the wall...it's only a matter of time before he gets his hands on enough to put up his lousy tract houses.
You STILL say no and he ups the price to $800,000. You figure you'll play along and take his deal(you'd be a fool...like him....not to..... he is GROSSLY overpaying you for it) but you call him to tell him you want $850,000.

...NOW you want to say the homeowner is "in on the deal"?

Alright...if you say so.

M.K.
Knight165
 
# 9 Beantown @ 08/26/08 04:30 PM
Quote:
Originally Posted by Knight165

...NOW you want to say the homeowner is "in on the deal"?

M.K.
Knight165
Said homeowner could say "No thanks, it's not for sale," and move on. So yes, the homeowner is in on it if they decide to sell the house.
 
# 10 mercalnd @ 08/26/08 04:41 PM
Quote:
Originally Posted by Knight165
Maybe because the statement in that context is misleading.

It's akin to this.
You have a nice home...worth about $500,000. You don't have it on the market...you're content to just live out the rest of your days and tend the garden.Along comes a developer and offers you $700,000 dollars. He's been buying up homes in the area for a couple of years and the hand writing is on the wall...it's only a matter of time before he gets his hands on enough to put up his lousy tract houses.
You STILL say no and he ups the price to $800,000. You figure you'll play along and take his deal(you'd be a fool...like him....not to..... he is GROSSLY overpaying you for it) but you call him to tell him you want $850,000.

...NOW you want to say the homeowner is "in on the deal"?

Alright...if you say so.

M.K.
Knight165
The part I bolded in your analogy implies that Take Two was doing just fine before this started.

So Take Two hasn't been struggling for years? The 2K Sports division hasn't been losing them money ever since, well... always?

Alright...if you say so.
 
# 11 azcardsfan81 @ 08/26/08 06:08 PM
Man if I have to go to playing crapy nba live 2011 or whatever because of no nba2k games avliable that would suck , easports has the worst servers well madden isn't horrible but last time I played nba live it was so laggy you could barly move..... Eaither way this will probally end in crappy news which sucks
 
# 12 spit_bubble @ 08/26/08 06:25 PM
I still gotta see what happens to the talent at 2K Sports, especially Visual Concepts, before I call this bad news. The bad news already happened when the NFL license went exclusive and the MLB license was only granted to a single third party... So, this move doesn't really change the sports gaming landscape all that much. Yes, I know... NBA 2K... Well, who's to say the engine won't be absorbed by another company and continue on. Last I read this was still a possibility.

Also, football is a popular enough sport that it would not be that risky for the 2K Football engine to be used again, in perhaps a more fleshed out version of APF... And if MVP Baseball makes a comeback in the same form it left, as a rock solid baseball game, I don't think you'll hear too many complaints.

Out of crap, flowers can grow.
 
# 13 Knight165 @ 08/26/08 07:33 PM
Quote:
Originally Posted by Longhorn
Said homeowner could say "No thanks, it's not for sale," and move on. So yes, the homeowner is in on it if they decide to sell the house.
I believe that IS what they said...TWICE. Correct?

.....merc......and EA loses money every year also....and with this much more debt....that loss will grow also....so what's your point?
EA runs at a very sneaky negative cash flow.....A LOT of hidden debt. I got tired of trying to read the financial sheet year after year and wonder how the heck a company that had so much revenue and GROSS profit could do squat for the shareholder. When they paid that ridiculous amount for the NFL license......I got out.
This one is even worse....a TOTAL loss that they are overpaying for.
So what's your thoughts for EA....the same as the struggling TT?

M.K.
Knight165
 
# 14 savoie2006 @ 08/26/08 07:48 PM
Quote:
Originally Posted by Knight165
I believe that IS what they said...TWICE. Correct?

.....merc......and EA loses money every year also....and with this much more debt....that loss will grow also....so what's your point?
EA runs at a very sneaky negative cash flow.....A LOT of hidden debt. I got tired of trying to read the financial sheet year after year and wonder how the heck a company that had so much revenue and GROSS profit could do squat for the shareholder. When they paid that ridiculous amount for the NFL license......I got out.
This one is even worse....a TOTAL loss that they are overpaying for.
So what's your thoughts for EA....the same as the struggling TT?

M.K.
Knight165
EA handles it better
 
# 15 Knight165 @ 08/26/08 08:04 PM
Quote:
Originally Posted by savoie2006
EA handles it better
Yep. You're absolutely correct.
EA has better accountants than they do game developers, that's for sure.

M.K.
Knight165
 
# 16 spit_bubble @ 08/26/08 10:10 PM
"...EA loses money every year also..."

They do?!

I remember reading earlier this year that they lost money, but I kind of saw it as a result of the long slow transition to the latest consoles...

But every year??? Going how far back?

"This one (TTWO purchase) is even worse....a TOTAL loss that they are overpaying for."

I was kind of thinking the same thing, though I don't pay that close attention to the numbers... I mean yeah, GTA... But even that isn't the hot ticket it once was. It seems EA might be better off just waiting it out... Call TTWO's bluff.

The industry needs to be extremely careful with it's next round of consoles. I hear calls for one single console from developers, and I hear that downloads (edit: to be clear, no more media based games) are very likely in the near future... And while it will take A LOT for these two things to happen, they also seem to make the most sense for the industry as a whole.

I think it's going to get uglier before it gets better.
 
# 17 buddie ro @ 08/27/08 02:28 AM
hmmmm if ea buys take two is it possible that they can put out two nba games? As they do with madden and that other crap nfl head coach. they should have both games on the market. It shouldn't hurt them since ea owns the only competition in nba games. Or if they plan on keeping only one they should have a sales competition between the two since thats what ea is all about
 
# 18 TheKingOfVa @ 08/27/08 02:13 PM
This deal better not go through. EA already ruined all the football games now they want to ruin the NBA ones
 
# 19 asu666 @ 08/27/08 06:37 PM
I'd sign on if EA committed to letting Visual Concepts make games that use EA's licenses and compete with Tiburon and its BC studio. EA wins because most of us buy two games instead of one and we win because some of our favorite games continue to be made, or in the case of NFL 2K are brought back to life.
 
# 20 Pappy Knuckles @ 08/28/08 01:12 PM
The announcement of EA Sports releasing a new ESPN NFL 2K game would be the only saving grace of this deal. If they could do that and continue the NBA 2K series, I wouldn't give a damn what they did from here on out. It would be all profit for them, I don't see why they wouldn't at least consider it.
 

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