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EA's Take-Two Takeover Goes Hostile

So Take-Two won't play nice with EA's buyout offer? That's fine by EA. Playing it nice was a courtesy, an act of politeness on their part, but in light of Take-Two's reluctance (and some would say greed), they've now no other option. It's (apparently) time to go hostile. The Wall Street Journal report that EA's takeover payout to shareholders will be...$26 per share, exactly what was offered to Zelnick & co. the first time around. There's been no comment as of yet from anyone at either Take-Two or EA regarding the matter.

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biz.yahoo.com
Breakfast6642d ago

get ready for ping pong every year now... and considering the popularity of gta, theyll probably make it 3 times an year.

Tempist6642d ago

The Hilarity factor lies in the fact that EA's stock goes down and Take Twos is nearing $26. That means EA would have to pay out like $28 a share. This keeps getting more expensive for them.

masterg6642d ago

The last thing we need is Rockstar under EA control.

Genesis56642d ago

I really don't play a lot of EA games,that looks like it might be changing because I will not have a choice.I don't think we need one big conglomerate running the whole show.

Breakfast6642d ago

omg...think of the sports games...they barely have competition now. If this goes through then 2008 will be the peek of EA's almost obsolete innovation

+ Show (2) more repliesLast reply 6642d ago
InYourMom6642d ago

You are the scum of the gaming industry. I've never been big into the whole boycott EA thing, but I think it might be time to start.

fenderputty6642d ago

enough to willingly give up any chance at having Bioshock 2 come to the PS3. I hope the shareholders don't do this. I would hate to see T2 get swallowed up by whats becoming the WALMART of gaming.

LastDance6642d ago

the worst part is EA is pushing hard to get T2 BEFORE GTA comes out.

Disgusting.

Greedy C***s

bootsielon6642d ago

I think EA is becoming a new company for the better, we don't have to worry much

HarryEtTubMan6642d ago (Edited 6642d ago )

lol all they have to do is make a console with GTA, Mercenaries, Mass Efect, Bioshock, Madden and eerything Exclusive. The competition will be DEAD. I keep telling u guys but EA is looking to make a console and I think with Mircrosoft. The have to literally shut Sony out. They are too powerful. I dont think we will see a PS5.

EA and Micrsoft or EA by themselves are going to take Sony out. Watch its going to happen. Look whats happening now!!! No console EVER comes from behind like this at such a high price and starts beating the console first. Just like Madden is still goin to run at 30 FPS this year on PS3 ON PURPOSE. Just like Peter Moore(un biased corporate employee right?) was bashing PS3 FANS and saying how they were telling people not to like Micrsoft and EA. Just like the had a huge section TOGETHER at GDC. Just like the bought Bioware(which only developed on 360) Just like they are trying to now secure GTA and Take Two(so there will be no other sports teams to compete with)

If Ea MAKES A CONSOLE NEXT GENERATION ITS OVER and gaming is in the hands of an evil empire forever that doesnt strive on innovation, the nest hardware and technology and competition(Sony) but will TELL YOU you have to pay for "Live"(notice it is changing)

Thats what all of this is about. Everyone knows EA doesnt want Sony in the buisness anymore and wants to steal their role. It just either by themselves or with Microsft.

Taco_Waffle6642d ago

Disappointing that EA can't be satisfied until it monopolizes the whole industry.

Lotto6642d ago

well this is how ea makes money. Buy Studio with X great games that ppl know and like. Then milk the great games until they become dust

BigKev456642d ago

This will suck if EA buys them out. No more good GTAs, Bioshocks, NBA 2K
games.

Ghoul6642d ago

biohock 2 wont be bad because EA will publish them EA is a Publisher no developer dont forget that.

But the 2k sports series is most likly to be cut off :(

GutZ316642d ago

EA is a publisher, but you forget they push the developers to time constraints as well as less time for testing and money given to the developers.

EA is a scum sucking company not worth any gamers money.

Show all comments (63)
50°

44% of games industry professionals have considered leaving the industry as a result of redundancies

New report from Skillsearch found that 22% of those surveyed had been laid off within the past 12 months.

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gamesindustry.biz
Cockney32d ago

Well if that 44% left im sure there would be a lot less redundancies

40°

Stop Killing Games on the latest European Commission public hearing

It's a step forward for Stop Killing Games.

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rockpapershotgun.com
50°

"Be creative 99% of the time" – Glen Schofield on how creativity can help fix AAA industry woes

The Callisto Protocol director thinks the solution involves the right people, the right timing, and perhaps a little bit of AI

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gamesindustry.biz
lodossrage33d ago

I don't agree with that. I WISH I could agree with that. But buying habits and customer opinions prove otherwise

We've seen developers in the AAA space try new things and ideas. More often than not, the customers aren't willing to give things a chance, or not enough people buy into the project for it to grow.

Creativity works better in the indie space because the budgets, pressures, and expectations aren't the same.

Scissorman32d ago

it's a nice idea and it worked during the PS2/PS3-era when AAA didn't cost hundreds of millions of dollars. smaller budgets and shorter development time left room for more creativity and more risk. a game didn't need to sell 4 million+ copies to break even. things are different now.

__y2jb32d ago

This is the guy who bragged about crunching his staff and having them work through the night. Crunch culture has lost more talent and done more damage to the industry than any other factor. Screw him.