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Old 08-18-08   #1 (permalink)
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Default [GS]EA + Take-Two Expires, talk begins
Quote:
For a brief moment this morning, it appeared that the six-month-long Electronic Arts/Take-Two Interactive takeover saga might have finally come to a close. In separate statements issued this morning, both companies confirmed that EA's most recent $2 billion tender offer to purchase all outstanding Take-Two stock at $25.74 per share would expire as of 11:59 p.m. tonight. The deadline was set after EA's bid became compliant with the Federal Trade Commission rules last month.

In an open letter to Take-Two chairman Strauss Zelnick, EA CEO John Riccitiello said, "Given the passage of time, we have to validate the assumptions used in the model to support our offer price of $25.74 per share in cash. In addition, we no longer believe we can integrate Take-Two ahead of the important holiday season. Accordingly, we require due diligence to support a transaction and are therefore letting the tender offer expire tonight."

However, as has been the case on several occasions prior, the EA/Take-Two mating dance is far from over. In fact, Take-Two appears to have gone from being vocally disdainful to semireceptive of EA's advances.
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Old 08-18-08   #2 (permalink)
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EA = Empire of Asshats, stay away from Take Two you bastards! Remember Westwood and the abyss of darkness you dragged the legacy of C&C to!
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Old 08-18-08   #3 (permalink)
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EA are crap I hate them and they way they are becomming a superpower by the looks of it. But from a business standpoint you would be mental to turn them down.
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Old 08-18-08   #4 (permalink)
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Originally Posted by OC'ing Noob View Post
EA = Empire of Asshats, stay away from Take Two you bastards! Remember Westwood and the abyss of darkness you dragged the legacy of C&C to!
You sir deserve a Rep for that.

RIP Westwood.
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Old 08-18-08   #5 (permalink)
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I miss my Lands of Lore and Original Westwood..
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Old 08-18-08   #6 (permalink)
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The C&C series has sucked every since EA took over. EA in general are terrible, they should just stick to making sports games.
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Old 08-18-08   #7 (permalink)
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Even Yuri's revenge sucked compared to RA2.. RIP Westwood

Only EA game i will endorse is the battlefield series period
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Old 08-18-08   #8 (permalink)
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Originally Posted by Higgins View Post
Even Yuri's revenge sucked compared to RA2.. RIP Westwood

Only EA game i will endorse is the battlefield series period
Agreed
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Old 08-18-08   #9 (permalink)
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Originally Posted by Higgins View Post
Even Yuri's revenge sucked compared to RA2.. RIP Westwood

Only EA game i will endorse is the battlefield series period
Sims 2 as well, except for the "Stuff" packs and "Laptop friendly" ones.

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Old 08-18-08   #10 (permalink)
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Sims 2 as well, except for the "Stuff" packs and "Laptop friendly" ones.
EA was absolutely money hungry insane with the Sims 2. Those expansions were ridiculous...... And my brother bought everyone one of those damn things. Idiot..... -.-
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