130

Take-Two to EA on takeover bid: buzz off

wohoo | February 24, 2008 | News | Playstation 3 XBOX 360 Company 
Take-Two has sent out a press release, responding to EA's takeover attempt, politely telling them to go away until GTA IV is on store shelves. T2 says GTAIV will increase the company's value and that EA is trying to buy cheaper before that happens.
Take-Two has issued a response to EA’s takeover bid and what they’re saying is pretty straightforward - EA’s offer is inadequate, unsolicited and opportunistic. The way Take-Two sees it is that GTAIV’s release will increase the value of the company, and EA is just trying to take advantage of them and get their hands on the company before that happens.

News Story attached to:
7 comments | go to source (www.thatvideogameblog.com) | Add to favorites! favourite this article | send to friend | add alt source
Register as a member to subscribe comments.

Comments with -10 or lower "thumbs" are removed from display.

  • 0 thumbs!
    Jeterocks | February 25, 2008
    Good. Take Two does not need to be tainted by EA.
  • 0 thumbs!
    Red 9 | February 25, 2008
    Why is everyone trying to buy each other out? I know it's for more profit, but this is getting ridiculous.
  • 0 thumbs!
    tekmosis | February 25, 2008
    http://ir.take2games.com/ReleaseDetail.cfm?ReleaseID=295739
    Email correspondence between Strauss Zelnick of Take Two and John Riccitiello of EA.

    All I have to say is thank god, way to stand your ground T2. Riccitiello came off sounding like a total ass, imo. Zelnick on the other hand was really polite and yet at the same time "rejection in your face, you're not getting GTAVI, nyaaa".
    • 0 thumbs!
      dmf_dynasty | February 25, 2008
      I love how formal they have to be in those letters. They could condense each of those into two sentences.
  • 1 thumbs!
    Seeker X | February 25, 2008
    That's right, Take-Two, stick it to em.
  • 0 thumbs!
    tallteen86 | February 26, 2008
    BUUUUUT, if you re-read it, you realize that they aren't saying "No, you can't buy us", but rather "No, wait until we're worth a lot more than we are now, before you try again" >_>

    If EA buys Take 2, and makes significant changes, I might not buy the next GTA (if there is a next GTA) >_>
    • 0 thumbs!
      Seeker X | February 26, 2008
      I think they said that they're gonna talk to EA AFTER GTAIV releases, so they don't have to give EA a dime of their profits.

This news story is archived and is closed to comments now.

Submit Newshelp

Top Contributors

This Month
Gothic Girl 2470 pts
chautemoc 1374 pts
Deathsythe 1102 pts
Tyranitar24 1084 pts
Akira_EX 873 pts
Silver Mir.. 851 pts
Cruxis Mana 306 pts
NSX 287 pts
Krunal 259 pts
Final Blade 252 pts
All-Time
Gothic Girl 16729 pts
Krunal 12070 pts
Linkin Par.. 9940 pts
Final Blade 8858 pts
xsynergyx 8079 pts
Silver Mir.. 8037 pts
mistermostyn 7868 pts
chautemoc 7826 pts
ITANI 6350 pts
Akira_EX 6053 pts

Stats

Today
Published News: 15
Comments: 135
Points Given: 245
Users Registered: 0
This Month
Published News: 544
Comments: 5104
Points Given: 9636
Users Registered: 34
All Time
Published News: 10223
Comments: 69478
Points Given: 164485
Users Registered: 509

Conventions / Trade Shows

(0.3363/d/aeon)