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[Bloomberg] Electronic Arts Offers $2 Billion to Acquire Take-Two

post #1 of 39
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Quote:
Feb. 24 (Bloomberg) -- Electronic Arts Inc. offered to buy Take-Two Interactive Software Inc. for $2 billion in cash to help maintain its lead as the world's largest video-game maker and acquire the top-selling "Grand Theft Auto'' series.

Take-Two's board rejected the offer of $26 a share on Feb. 22, prompting Electronic Arts to take its bid directly to investors. The offer by the Redwood City, California-based company is 64 percent higher than the Feb. 15 closing price, the last day of trading before it was made.

"There can be no certainty that in the future EA or any other buyer would pay the same high premium we are offering today,'' Electronic Arts Chief Executive Officer John Riccitiello said in a Feb. 19 letter to Take-Two Chairman Strauss Zelnick that was made public today.
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post #2 of 39
eff you EA.
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The Suitcase
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post #3 of 39
Dont Do It...they Will Ruin Gta Series

O **** I FORGOT THEY MAKE CIVILIZATION TOO...........NOOOOOO DONT DO IT!
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post #4 of 39
EA has ruined so many fanchises. They're an absolute cancer on the video gaming industry.
ElRigTheRig
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post #5 of 39
EA, just stop.
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post #6 of 39
Quote:
Originally Posted by ElMikeTheMike View Post
EA has ruined so many fanchises. They're an absolute cancer on the video gaming industry.
As long as they make money I don't think they're going to give a damn. Not saying i agree with their ways, it's just you have to see it from their point of view. To them it's "Are we making money?" instead it should be "Are we making (publishing) good games?". But unfortunately this is how they think....
post #7 of 39
EA has made some great titles, but when they acquire other developers, that franchise goes to serious crap.
    
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post #8 of 39
Much better things would come if they just game me $2 billion.
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post #9 of 39
Quote:
Originally Posted by voice View Post
As long as they make money I don't think they're going to give a damn. Not saying i agree with their ways, it's just you have to see it from their point of view. To them it's "Are we making money?" instead it should be "Are we making (publishing) good games?". But unfortunately this is how they think....
That's how all businesses think, EA is no different to any other publisher.

Welcome to the real world.
post #10 of 39
EA will soon fall. Probably from tripping over a pile of all the crappy games they made.
    
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