EA offers $2 billion for Take Two - Blu-ray Forum

becomingwater · 02-24-2008, 09:54 PM

Update: Take Two have just announced that the latest offer, of $26 per share has been rejected.

Electronic Arts today announced that it has made an offer to purchase Take Two, parent company of Rockstar Games, for around $2 billion.

EA proposed $25 cash for each share of Take Two, an offer which was rejected. A further offer has now been made, of $26 per share, which EA CEO John Riccitiello claims is a "unique opportunity" for shareholders. At the close of business on Friday, Take Two's shares were valued at $17.36 each. The $26 offer is almost $2 greater than the company's highest share price in the past twelve months.

Source: Reuters http://today.reuters.com/news/articl....XML&type=qcna

Dragonraine · 02-24-2008, 09:59 PM

Hmm, im kind of glad. I think EA would not allow half the content that take two allows in their games.

actionhank · 02-24-2008, 10:09 PM

Quote:

Originally Posted by Dragonraine

Hmm, im kind of glad. I think EA would not allow half the content that take two allows in their games.

Yeah, the battlefield series didn't have any blood

Giyomu · 02-24-2008, 10:19 PM

i hate EA! they "bought" Bioware just before mass effect release

they are acting like that just because their own games don t make the benefit they fixed... EA kills creativity

Stephie_is_a_dork · 02-24-2008, 10:28 PM

Good for TakeTwo! EA is quickly becoming the M$ of VG console software. They buy all the little guys and either drop the product, or cut corners because they know people will buy a game sequel on name recognition. Bah-humbug to you too Mr. Scrooge!

mainman · 02-24-2008, 10:30 PM

I hope EA doesnt buy T2. If anything, I wan't T2 to buy EA or something, because I really can't stand EA.

If a franchise like GTA will fall in EA's hands, that would be a bad day for gamers everywhere.

DealsR4theDevil · 02-24-2008, 10:31 PM

Quote:

Originally Posted by Dragonraine

Hmm, im kind of glad. I think EA would not allow half the content that take two allows in their games.

So in other words EA doesn't allow good content to be put in games?

Dragonraine · 02-24-2008, 11:13 PM

Quote:

Originally Posted by DealsR4theDevil

So in other words EA doesn't allow good content to be put in games?

No, im saying that take two puts out different kinds of games than what EA does. EA likes to mainly put out non m rated games. They water down alot of their series, dont allow blood , etc. Im not saying blood makes the game, but if EA was publishing say GTA, do you see it being as violent as it is?

Slackr89 · 02-24-2008, 11:19 PM

good that Take Two rejected EA. they are doing pretty well off by themselves, and after the release of GTA IV they'll be racking in the dough for quite some time.

blulight · 02-24-2008, 11:20 PM

\rant

I used to work for EA (Canada), and thier philosophy is simple..

if you can't beat em', buy em'.

Completely unimaginative, un-innovative games, reissued every year with certain 'new features'.

They have extremely talented artists working for development directors that never take chances....very sad.

/rant.

DetroitSportsFan · 02-24-2008, 11:56 PM

Good for Take Two.

EA has enough control of the gaming market.

Copywriter · 02-25-2008, 01:16 AM

Don't really care about Take Two, but I'm glad to see EA get turned away.

They are a terrible company that just tries to milk the marketplace.

Other than that, they're fine.

reiella · 02-25-2008, 01:54 AM

Quote:

Originally Posted by Copywriter

Don't really care about Take Two, but I'm glad to see EA get turned away.

They are a terrible company that just tries to milk the marketplace.

Other than that, they're fine.

Ya, it's a real shame how they've been milking Crytek and Harmonix too.

Overproducing games in those engines. Blagh

[ edit / add ]
Sorry, just venting some frustration at the constant attacks towards EA based pretty much on two of their genres marketing [Sims, and the Sports Games].

Porky Pine · 02-25-2008, 02:06 AM

I remember when EA was a little unknown company making creativity programs (Like Deluxe Music) for the Amiga. I wish they stayed that way. Now, we have this ever-hungering beast swallowing up anything it can.

Shin-Ra · 02-25-2008, 02:10 AM

Deluxe Paint FTW.

Steverhcp02 · 02-25-2008, 02:13 AM

well, EA has already ruined football games for me...they cant ruin The Show since i own a PS3, my baseball needs will be quenched.....but man, if they get their hands on GTA, Bioshock, ugh.....i really hope this doesnt happen.

BluRayExplosion · 02-25-2008, 02:13 AM

I'm pretty sure I would have started crying if they would have accepted it. lol. EA is a terrible developer. Terrible. And come to think of it, they're pretty bad at publishing as well.

DetroitSportsFan · 02-25-2008, 10:37 PM

EA wants Take Two because they are EA's main competitor for sports games (2k Sports).

http://gamepolitics.com/2008/02/25/p...-gta-is-gravy/

Shin-Ra · 02-25-2008, 10:47 PM

Midnight Club > Need For Speed/Burnout

'Taking' out T2 would benefit EA greatly, the gamer not so much as there's no guarantee they'll keep the competition and quality going internally.

Porky Pine · 02-26-2008, 07:00 AM

Quote:

Originally Posted by Shin-Ra

Deluxe Paint FTW.

Yeah, that was one of my favorites too.

02-24-2008, 09:54 PM	#1
becomingwater Power Member Member since:Mar 2007 Location:New Mexico Home Theater Gallery:1 4K collection:15 Blu-ray collection:526 Blu-ray reviews:13 Trading Score:3	EA offers $2 billion for Take Two Update: Take Two have just announced that the latest offer, of $26 per share has been rejected. Electronic Arts today announced that it has made an offer to purchase Take Two, parent company of Rockstar Games, for around $2 billion. EA proposed $25 cash for each share of Take Two, an offer which was rejected. A further offer has now been made, of $26 per share, which EA CEO John Riccitiello claims is a "unique opportunity" for shareholders. At the close of business on Friday, Take Two's shares were valued at $17.36 each. The $26 offer is almost $2 greater than the company's highest share price in the past twelve months. Source: Reuters http://today.reuters.com/news/articl....XML&type=qcna

02-24-2008, 10:30 PM	#6
mainman Senior Member Member since:Jan 2006	I hope EA doesnt buy T2. If anything, I wan't T2 to buy EA or something, because I really can't stand EA. If a franchise like GTA will fall in EA's hands, that would be a bad day for gamers everywhere. Last edited by mainman; 02-24-2008 at 10:47 PM.

Similar Threads
thread	Forum	Thread Starter	Replies	Last Post
Sony has lost over $3 billion on the PS3	Blu-ray Technology and Future Technology	bootman	42	07-03-2008 01:51 PM
Sony has lost over $3 billion on the PS3	PS3	PS3-Playb3yond	7	06-27-2008 02:31 PM
Paramount first to hit $1 billion in 2008!	Movies	GreenScar	18	06-23-2008 08:23 PM
PS3 $1 Billion behind X360 for the year.	PS3	cartier	35	01-09-2008 03:20 AM
M$ to spend a billion for XBox glitch	Blu-ray Technology and Future Technology	buckshot	1	07-06-2007 07:37 PM

02-24-2008, 09:59 PM	#2
Dragonraine Banned Member since:Jan 2008	Hmm, im kind of glad. I think EA would not allow half the content that take two allows in their games.

02-24-2008, 10:19 PM	#4
Giyomu Banned Member since:Sep 2007 Location:France Blu-ray collection:347 Blu-ray reviews:6	i hate EA! they "bought" Bioware just before mass effect release they are acting like that just because their own games don t make the benefit they fixed... EA kills creativity

02-24-2008, 10:28 PM	#5
Stephie_is_a_dork Blu-ray Samurai Member since:Jan 2008 Location:So Cal Trading Score:2	Good for TakeTwo! EA is quickly becoming the M$ of VG console software. They buy all the little guys and either drop the product, or cut corners because they know people will buy a game sequel on name recognition. Bah-humbug to you too Mr. Scrooge!

02-24-2008, 11:19 PM	#9
Slackr89 Special Member Member since:Jan 2007 Location:Edmonton, Alberta PSN: Slackr Blu-ray collection:116 Trading Score:2	good that Take Two rejected EA. they are doing pretty well off by themselves, and after the release of GTA IV they'll be racking in the dough for quite some time.

02-24-2008, 11:20 PM	#10
blulight Junior Member Member since:Feb 2008 Location:Ottawa, Ontario. CANADA	\rant I used to work for EA (Canada), and thier philosophy is simple.. if you can't beat em', buy em'. Completely unimaginative, un-innovative games, reissued every year with certain 'new features'. They have extremely talented artists working for development directors that never take chances....very sad. /rant.

02-24-2008, 11:56 PM	#11
DetroitSportsFan Hot Deals Moderator Top contributor Member since:Aug 2007 Location:Michigan 4K collection:439 Blu-ray collection:2226 Trading Score:93	Good for Take Two. EA has enough control of the gaming market.

02-25-2008, 01:16 AM	#12
Copywriter Blu-ray Samurai Member since:Sep 2007 Location:Vegas Baby, Vegas	Don't really care about Take Two, but I'm glad to see EA get turned away. They are a terrible company that just tries to milk the marketplace. Other than that, they're fine.

02-25-2008, 02:06 AM	#14
Porky Pine Active Member Member since:Jan 2008	I remember when EA was a little unknown company making creativity programs (Like Deluxe Music) for the Amiga. I wish they stayed that way. Now, we have this ever-hungering beast swallowing up anything it can.

02-25-2008, 02:10 AM	#15
Shin-Ra Super Moderator Top contributor Member since:Feb 2007 Blu-ray collection:5 Trading Score:1	Deluxe Paint FTW.

02-25-2008, 02:13 AM	#16
Steverhcp02 Senior Member Member since:Apr 2007 Blu-ray reviews: 1	well, EA has already ruined football games for me...they cant ruin The Show since i own a PS3, my baseball needs will be quenched.....but man, if they get their hands on GTA, Bioshock, ugh.....i really hope this doesnt happen.

02-25-2008, 02:13 AM	#17
BluRayExplosion Active Member Member since:Dec 2007 Blu-ray collection:27	I'm pretty sure I would have started crying if they would have accepted it. lol. EA is a terrible developer. Terrible. And come to think of it, they're pretty bad at publishing as well.

02-25-2008, 10:37 PM	#18
DetroitSportsFan Hot Deals Moderator Top contributor Member since:Aug 2007 Location:Michigan 4K collection:439 Blu-ray collection:2226 Trading Score:93	EA wants Take Two because they are EA's main competitor for sports games (2k Sports). http://gamepolitics.com/2008/02/25/p...-gta-is-gravy/

02-25-2008, 10:47 PM	#19
Shin-Ra Super Moderator Top contributor Member since:Feb 2007 Blu-ray collection:5 Trading Score:1	Midnight Club > Need For Speed/Burnout 'Taking' out T2 would benefit EA greatly, the gamer not so much as there's no guarantee they'll keep the competition and quality going internally.

Best PS3 Game Deals