EA Proposes Take-Two Acquisition.

Discussion in 'Games, Gaming & Game-demos' started by Zapmaster, Feb 24, 2008.

  1. Zapmaster

    Zapmaster Sherlock Guru

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    Publishing giant Electronic Arts last Tuesday proposed an acquisition of fellow publisher Take-Two at a price of $26 per share, or approximately $2 billion total. "There can be no certainty that in the future EA or any other buyer would pay the same high premium we are offering today," said EA CEO John Riccitiello.

    The Take-Two umbrella includes the publishing labels 2K Sports, 2K Games, and Rockstar Games. Together the labels encompass such hit properties as Rockstar Games' Grand Theft Auto, BioShock 2K Boston's Bioshock, and Firaxis' Sid Meier's Civilization.

    http://www.shacknews.com/onearticle.x/51476

    If 2K accepts, EA will have most of popular gaming franchises under their wing. A huge deal for EA.
     
  2. shades3k

    shades3k Maha Guru

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    In Europe there are laws and regulators to help prevent this kind of monopoly, I'm guessing it doesn't work the same way for an American company?

    In most cases (think Westwood) EA acquisitions have had terrible effects on the industry, as one of their own employees stated himself the other day.
     
  3. ElDiablo2K3

    ElDiablo2K3 Maha Guru

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    I agree, but look at the music and film industries, there will always be an alternative to the mainstream.

    On the whole, EA Games generally suck. That is why my favourite game last year was Stalker, EA wouldn't have taken a risk on a game like that.
     
  4. ViolentOpposition

    ViolentOpposition Master Guru

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    I really hate EA as a gamer, but from a business point of view, I have to admire them.
     

  5. klambre

    klambre Ancient Guru

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    I must agree with that point.

    About the trade:

    If EA "take two" we will see how liberty city from GTA become in a SIMS with posters advertising their games, with five missions and "buy a bosster pack or die".

    :D
     
  6. Tbone325

    Tbone325 Member Guru

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    TakeTwo rejected the offer.
     
  7. ViolentOpposition

    ViolentOpposition Master Guru

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    That just means that EA is now, most likely, moving on to the shareholders. So they're still screwed, unless their shareholders don't care much about money...
     
  8. Armoured

    Armoured Ancient Guru

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    edit
     
    Last edited: Mar 18, 2012
  9. JohnMaclane

    JohnMaclane Ancient Guru

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    it still could become a hostile takeover
     
  10. isidore

    isidore Ancient Guru

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    EA is destroying everything...damn...
     

  11. cowie

    cowie Ancient Guru

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    i hope 2k(my serius sam game)does not get bought out in hostile take over.
    but if it gets the cro team more moneys to play with than it would be ok?
    EDIT
    man that stock just hit the roof passed 26 bucks
     
    Last edited: Feb 25, 2008
  12. Zapmaster

    Zapmaster Sherlock Guru

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    Well considering how little 2K did to promote Serious Sam 2, it might not be such a bad thing for Croteam.

    Anyway, yes 2K rejected but they've also stated this: "The board of directors at Take-Two confirms that it has rejected the acquisition offer calling it "inadequate" and "opportunistic", hoping to take advantage of the forthcoming release of Grand Theft Auto IV. However, the company says it is willing to discuss this further with Electronic Arts, immediately following the release of GTA IV at the end of April."

    And this analyst: http://www.gamesindustry.biz/content_page.php?aid=33487 seems to think that EA will indeed succed.
     

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