Electronic Arts Inc on Thursday launched a hostile offer for rival video game maker Take-Two Interactive Software Inc at $26 a share, taking the $2 billion bid directly to stockholders.
Take-Two, publisher of the popular "Grand Theft Auto" or "GTA" series, last month rejected EA's unsolicited all-cash offer at the same price. The bid represents a 64 percent premium over Take-Two's closing stock price on February 15, the last trading day before EA sent the proposal to the company.
"We believe that the offer we made is compelling. It is a full price and the longer we go on, the less valuable the asset is to us. At least so far, Take-Two's board is indicating they don't want to negotiate," EA Chief Executive John Riccitiello told Reuters in an interview.
View: Full Article @ Reuters
Take-Two, publisher of the popular "Grand Theft Auto" or "GTA" series, last month rejected EA's unsolicited all-cash offer at the same price. The bid represents a 64 percent premium over Take-Two's closing stock price on February 15, the last trading day before EA sent the proposal to the company.
"We believe that the offer we made is compelling. It is a full price and the longer we go on, the less valuable the asset is to us. At least so far, Take-Two's board is indicating they don't want to negotiate," EA Chief Executive John Riccitiello told Reuters in an interview.
View: Full Article @ Reuters
EA stands for Evil Aquisition
And so they can destroy quality games like they did with crysis?
please!
HL2 got a high score, I thought it was possibly the crappest game I have played in a long time. People that rank games have opinions, and most are influenced by the large amounts of money passed to them by the game developing companies (don't even say they aren't rigged)
HL2 got a high score, I thought it was possibly the crappest game I have played in a long time. People that rank games have opinions, and most are influenced by the large amounts of money passed to them by the game developing companies (don't even say they aren't rigged)
Wow you thought HL2 was bad? Then you probably hate Halo 2, Halo 3, BioShock, and basically every single FPS past 2004.
So true, Galo is the worst game I have *EVER* seen, its worse than GunForce for the snes, and that was shocking.
or rather, "All of every one elses base are belong to us" :p
Since when is it good to have laws which enable someone to come along and forcfully order the purchase of a company that has nothing to do with them and doesn't want to sell....Theft, nothing but theft.. I can't believe people think a move like this which is backed by law (LOFL) is good for anyone under any circumstances.
Last edited by The Walker on 14 Mar 2008 - 17:22
Since when is it good to have laws which enable someone to come along and forcfully order the purchase of a company that has nothing to do with them and doesn't want to sell....Theft, nothing but theft.. I can't believe people think a move like this which is backed by law (LOFL) is good for anyone under any circumstances.
It's perfectly legal because if they don't want to be taken over this way, then they don't have to take their company public. By making the sale of their shares open to the general public, they leave themselves open to this kind of acquisition. Sure it has a negative connotation to it, but they haven't left any other options open for normal talks. It's not stealing either, because they are paying for each share they need to have a controlling interest. They also can't just waltz in and buy up all the shares. The numbers that they need have already been purchased, so the people that have them would have to be willing to sell their stocks to EA.
Some actual research should be made before going off on wild assumptions like this.
Since when is it good to have laws which enable someone to come along and forcfully order the purchase of a company that has nothing to do with them and doesn't want to sell....Theft, nothing but theft.. I can't believe people think a move like this which is backed by law (LOFL) is good for anyone under any circumstances.
It's perfectly legal because if they don't want to be taken over this way, then they don't have to take their company public. By making the sale of their shares open to the general public, they leave themselves open to this kind of acquisition. Sure it has a negative connotation to it, but they haven't left any other options open for normal talks. It's not stealing either, because they are paying for each share they need to have a controlling interest. They also can't just waltz in and buy up all the shares. The numbers that they need have already been purchased, so the people that have them would have to be willing to sell their stocks to EA.
Some actual research should be made before going off on wild assumptions like this.
Lol that was pure ownage.
If they did buy Rockstar, and I mean IF...
Rockstar employees should ALL just quit under Rockstar branding, and start a new company. That way EA Games would of payed $26 a share for a empty office building.
That would indeed go to show what a noob of a company they are. They have no interest in Take Two what so ever other then Rockstar Games.
Source of EA wanting to buy Rockstar Games
If they did buy Rockstar, and I mean IF...
Rockstar employees should ALL just quit under Rockstar branding, and start a new company. That way EA Games would of payed $26 a share for a empty office building.
That would indeed go to show what a noob of a company they are. They have no interest in Take Two what so ever other then Rockstar Games.
Source of EA wanting to buy Rockstar Games
Rockstar employees works by money, not because it's too cool to work in rockstar.
yeah, this is clearly why they are pushing the deal now...before GTA4's release...they'll probably get most of the money back just from pre-orders. EA aren't stupid, they know what makes money.
Certain game developers do manage to attract attention, like Will Wright, Peter Molyneux, etc.
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