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EA Launches Hostile Takeover Bid for Take-Two

Discussion in 'News' started by Jimmy 2004, Mar 15, 2008.

  1. Jimmy 2004

    Jimmy 2004 New Member

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    Following failed talks with Take-Two’s management, games developer Electronic Arts has instead decided to directly approach shareholders with its takeover bid. EA has kept its offer at $26 per share, which would give the deal a total value of around $2 billion. EA’s CEO, John Riccitiello, said:
    Take-Two has issued a notice to all of its shareholders urging them not to accept the offer, but EA has set a deadline of 11th April – two weeks before the release of the eagerly awaited Grand Theft Auto IV.

    Source: DailyTech
  2. Ripper3

    Ripper3 New Member

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    In other news, Jack Thompson has been in talks with game publishers, in a bid to take down Take-Two, and their murder-simulators along with it. Although no games publishers have been named directly, EA is rumoured to be working with him.
    Jack Thompson may believe that his actions could see the Grand Theft Auto franchise being ruined by EA's clumsy hands, which have ruined countless game franchises with stupid in-game advertisement, along with nonsensical and unnecesarry crap shovelled in.

    Source: Made-up news weekly


    Ah, EA is trying to ruin GTA, while cashing in on the latest release. Well, actually, let's just hope if they do buy Take-Two, they don't meddle much.
  3. OrbitzXT

    OrbitzXT New Member

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    **** off EA! How about fixing the glitches in your own games before you want to take over more?
    CrAsHnBuRnXp, acperience7 and 1c3d0g say thanks.
  4. erocker

    erocker Super Moderator Staff Member

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    Well, it's up to the people that own shares in Take Two. If you want your voice to really be heard on this matter buy Take Two stock now!
    effmaster says thanks.
  5. Ripper3

    Ripper3 New Member

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    If I knew how the stock would be affected, by EA's bid to take over, and especially if they then took over, I'd probably buy some Take-Two stock... I love getting money without doing any work to get it.
  6. Easy Rhino

    Easy Rhino Linux Advocate

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    EA blows.
    CrAsHnBuRnXp and acperience7 say thanks.
  7. Basard

    Basard

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    What better way to get rid of the competition... buy them than ruin them.
  8. tofu

    tofu New Member

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    +1

    Everything nicely put inside a nutshell.
  9. OrbitzXT

    OrbitzXT New Member

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    EA makes it too obvious though that thats what they do, intentional or not. They have a reputation for ruining things. That plan works if you do it without consumers noticing.
  10. lemonadesoda

    lemonadesoda

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    Bad thing about hostile take-overs in this business, is that the IP has got "legs". Quite easy for the management team to leave and set up another company.
  11. Oniisan New Member

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    We sit here bashing on EA, but at the same time, I see a 'United State of America vs. Electronic Arts' coming soon. Monopolies are bad. ;)
  12. ShadowFold

    ShadowFold New Member

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    EA has some good devs that make good games but sadly most of them are crap. EA owns DICE and Valve, two great game devs :)
  13. rick22

    rick22 New Member

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    Now they will mess up another company...
  14. JoJoe New Member

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    EA does not own Valve.
  15. ShadowFold

    ShadowFold New Member

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    I thought they did, theres EA crap all over my Orange Box :(
  16. JoJoe New Member

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    EA is only the distributor of the retail versions of Valve Corporation's software. The DO NOT own Valve Corporation.
    ShadowFold says thanks.
  17. marsey99

    marsey99

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    over the past couple of years ea have changed, thru the people running it and the way they opperate. now im sure i will get a bashing for saying it but you cant knock them for their buisness model as it clearly works. they have been behhind some great game and im sure will buy the rights to them all over time.

    just wait till they do a microsoft and bring out their own console for their games and then they wont release them on any other format.
  18. 1c3d0g

    1c3d0g

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    Not yet. Not that they'll waste time with them though. :p

    But seriously, EA should get its act together and let the developers do their thing without interference. Almost all games they pump out nowadays are incredibly boring and repetitive, especially when you consider the massive resources they have behind them. Come on EA, you can do a lot better! :shadedshu
  19. Airbrushkid

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    Everyone can whine but until everyone stops buying EA games then nothing will ever happen. EA will keep buying up the companies that we like. So for all this talk here and other forums is just useless.
    effmaster says thanks.
  20. tkpenalty New Member

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    See, I REALLY hate EA now. This is what they do, any game which sorta is under their expectation, they dont provide updates for, or provide shitty half arsed updates with shittily thrown together content.

    Example need for speed pro street

    Sure, it was unpopular a tiny bit thanks to several bugs which pissed people off a heck of a lot.
    Now the 1.1 patch, didnt really do much except add several tracks, and two cars.... And they claimed to add every car to the game through this.

    Nice? No. Moreover the 30 FPS frame cap really pissed people off. And yet many of the glitches/bugs are still in the game havent been fixed at 1.1-the bloody obvious ones.

    EA Ruined a good idea. This is what greed does. In terms of games, its not that bad, but if they were dealing with something else :shadedshu
  21. effmaster

    effmaster New Member

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    People hate EA, I hate EA. But if we dont draw the line and stop buying EA games or games with the EA label on them then this will never stop.

    I know this will be hard for everyone to do but if you see a game published or made by EA then put some mind control on yourself and no matter how much you want to buy it DONT.

    This year everyone needs to NOT buy Mercenaries 2
    This year everyone needs to NOT buy Spore
    This year everyone needs to NOT buy Army of Two
    This year everyone needs to NOT buy any of the sports games like Madden, NBA, and NCAA
    This year everyone needs to NOT buy Dices soon to be awesome game Battlefield: Bad Company

    I know this is hard people but if we dont draw the line by not buying great games published by EA then we will start to lose the great games we are still getting from other companies and publishers its only a matter of time before we lose all the independent developers. It wouldnt surprise me if Id Software gets offered some money too, soon.
  22. Ravenas

    Ravenas

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    I don't understand the hype behind Army of Two, I played it and I just don't like the game. I've heard so many people call it the best game ever, I have to disagree. :banghead:

    Right now, the only EA games I buy are from EA Westwood and EA Mythic and Rockband.
  23. effmaster

    effmaster New Member

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    I think I can agree with that first statement Ravenas.
    Although the second statement still funds the Trojan Horse that is EA.
  24. imperialreign

    imperialreign New Member

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    anyone remember back when EA was a really good publisher?


    I guess all good things must come to an end . . .
  25. craigo

    craigo

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    :banghead: Wont someone sue them into ashes already, Microsoft gets its arse handed to them when they do shit like this where are all the antitrust crusaders when a truly inferior company like shitstain EA try to muscle in :banghead:

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