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940°

The document that could change GTA forever

Offer to Purchase for Cash
All Outstanding Shares of Common Stock
(Including the Associated Preferred Stock Purchase Rights)
of Take-Two Interactive Software, Inc.
at $26.00 Net Per Share
by EA08 Acquisition Corp.
a wholly-owned subsidiary of
Electronic Arts Inc.

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FishFingers6618d ago WhoDisagree(0)Agree(0)
Old
Smudge26266618d ago WhoDisagree(0)Agree(0)
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The Goulet6618d ago WhoDisagree(0)Agree(0)
Old
Could be old? - Date Filed: March 13, 2008
Buubar6618d ago WhoDisagree(0)Agree(0)
kewlkat0076618d ago

Another franchise has just gone down the Tube.....

Enjoy this one(GTA4) folks..

6618d ago
v1c1ous6618d ago

you are the embodiment of everything that is bad this gen.

someone so devoted to a company you wish ill luck on game companies for bringing series to other consoles so more people can enjoy them.

6618d ago
LightningPS36618d ago (Edited 6618d ago )

It was lost when Rockstar decided to take it Multi.

Pretty soon it will be just like Madden, coming out every year and on every console on the market. And I'll just laugh my ass off.

They wanted to expand their userbase, so they got their wish.

v1c1ous6618d ago

cause this whole gen is "MULTICONSOLE"

enjoy

Cysquatch6618d ago

Take Two's Board rejected the original offer. EA is going hostile and is tendering the offer to the shareholders. The annual shareholder's meeting is the 18th which so happens to be the deadline of this offer. The stock is $25/share right now. The $26/share offer is ridiculous and let's hope the shareholders think the same thing.

cLiCK_sLiCK96618d ago

Im with you.
Fcuk EA. Im not even goin to say anything anymore...you guys know the rest.

SynGamer6618d ago

Rockstar going multi-platform with GTA4 was a good thing financially. So far it seems both games are nearly the same which means it should pay off for fans as well. While i hate EA's yearly releases, it's hard to argue with their current structure in terms of efficiency.

FordGTGuy6618d ago

You do know that GTA: San Andreas and GTA Vice City were on Xbox right?

Fallen_Angel6618d ago

Got to love stupid fanboys like lighting there. Ranting about them making gta4 multi when it has always been a multi game.

GTA released for DOS, Microsoft Windows and PlayStation

GTA 2 released for Microsoft Windows, PlayStation and Dreamcast

GTA 3 released for PlayStation 2 and Microsoft Windows

GTA VC released for PlayStation 2 and Microsoft Windows

GTA SA released for PlayStation 2, Microsoft Windows and Xbox

GTA has never been an exclusive to any system

juuken6618d ago (Edited 6618d ago )

Lightning, that was a really dumb thing to say. I may not like M$ but Take Two is still a really good company and going multi-platform was a good thing, whether you liked it or not.

It was actually good for them and I don't want that bratty company EA taking them over.

Treefingers6618d ago

or does anyone else remember Rock* North (or something similar)going PS exclusive after XBOX360 episodic content?

Lifendz6618d ago

or at least a good number of podcasts and from what I've heard from EA's representatives gone are the days when they would be like the borg. They pretty much let the devs do their thing and provide better tools than they otherwise would've had. I don't think they'll change GTA. I do think, however, that they're going to launch their own console.

Just imagine, a console with GTA, Bioshock, Burnout, Madden, KOTR, Mass Effect, and etc all exclusive. Tell me you wouldn't at least consider it.

MattFoley6618d ago

You are correct Lifendz.Bubbles

Exhaust6618d ago

Congratulations your comment wins the grand price for blind corporate loyalty.

#1 - Sony has admitted to not pursuing GTA timed exclusivity or any other kind of exclusivity with Rockstar this generation. They're focusing on first party development this generation rather than securing third party exclusivity.
#2 - If the game isn't developed by a first party developer its going multiplatform this generation simply due to higher production costs.
#3 - As Fallen Angel pointed out GTA has always been multiplatform.

Grow up.

JsonHenry6618d ago

EA has been kind to my favorite franchise - Command and Conquer. So I have faith they will do the game justice.

Shadow Flare6618d ago

I would hate it if EA released their own console. However i agree with you about them being 'less like the borg'. All i have to do is look at the Burnout series and I can see how the EA aquisition of it has benefited the series. They still let Criterion do whatever they want but you can tell they gave them advice from their Need for Speed experience about openworld cities for Burnout Paradise. And the EA music is good too. I mean, Rockstar doesn't need any help in making games, i think EA know that. But i just hope they don't make their own console.

SuperTanker6618d ago

The reason that Take Two's stock is ~ $25/share is because EA made the $26/share offer to them back in February. This is why the stock is valued near $26 dollars right now because with EA making the offer, that's about what it's worth. If this offer weren't here, their stock would be no where near $26. Before EA's offer, it was only around $16/share.

Cysquatch6618d ago (Edited 6618d ago )

I still think the 26/share offer is way too low. EA is trying to get in before GTAIV. Plain and simple. GTAIV is going to DOUBLE Halo 3 in the first week of sales. Period. 2 billion is a steal for the publishing rights of the most successful franchises of all time. Not to mention all the other titles under the T2 umbrella:
(Sid Meier's Civilization®, Max Payne, Midnight Club, Manhunt, Red Dead Revolver, BioShock, Sid Meier's Railroads!®, Sid Meier's Pirates!™, and Top Spin. Licensed brands include the sports games Major League Baseball® 2K, NBA® 2K, NHL® 2K, and College Hoops 2K.)

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Buubar6618d ago

This could be old though? It was Filed on March 13, 2008.

We'll have to see, its bound to happen anyway.

TheExecutive6618d ago

i dont really see how Take Two can deny this offer. They owe it to their shareholders.

Jazzzz6618d ago

But what about the game-players?

360 owners

ps3 owners

Hardcore fans?

People who have played maybe 3 or 4 games at a friends house who (since 01) automatically hear the gta name and know for a fact that something at least moderately enjoyable is there...

shareholders are responsible for the money perhaps....

in a better world maybe.

-EvoAnubis-6618d ago (Edited 6618d ago )

No shareholder with a brain would sell in this situation. A smart investor looks at the market, and sees that EA is in a mad scramble to get this deal done before 4/29. Two reasons being they want that GTA4 money, and also they know the sales from this game will make TT a lot of money and raise the stockprice due to the new income stream, which would make a hostile takeover too costly at that point.

Besides, no real investor sells when the price is still going up. A minor jump is enough to get the investors who know nothing to sell, but a seasoned investor will hold.

Edit: See? http://n4g.com/industrynews... That just proves my point. EA knows exactly what they're trying to do, and a smart investor would know it too.

RJ20006618d ago

How do they owe it to their share holders? Their shares are going to go to sh*t. Those that know anything will sell after this. That is the only favor they have done them.

IntelligentAj6618d ago

This is a tendered offer which hasn't accepted yet.

Smudge26266618d ago

That's what I came to say. I know there was a whole fuss about EA trying to buy them a while back, this could just be the document from that offer. No mention of Take Two accepting.

meepmoopmeep6618d ago (Edited 6618d ago )

looks like GTA4 will be the last real GTA game.

EDIT: so the deal is for the 18th of April unless extended.
guess we'll find out in a couple days

Hagaf226618d ago

hopefully if the shareholders do decide to be overly dumb and accept this, rock* and take-two get the income that gta4 brings in. im not sure how all that works but it would suck to put so much in to a game then have ea come in and get all the money.

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70°

Microsoft Gaming Revenue Drops 7% Year-on-Year, Content and Services Down 5%, Xbox Hardware Down 33%

Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.

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Jin_Sakai28d ago (Edited 28d ago )

Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.

dveio28d ago

To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.

Jingsing28d ago

The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.

Tanktopmaster9228d ago

Once they re-evaluate exclusive all will be fine….

S2Killinit28d ago

Riiiiight because people will just flock back to them for one or two games per year.

Jingsing28d ago

15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.

Tanktopmaster9228d ago

These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse

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50°

Report: Injustice 3 in Development at NetherRealm Studios

Thanks to the slip-up of an artist working on the title, we now have more evidence that a new Injustice game is in the works.

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Spiders Studio, Developers of GreedFall: The Dying World, Announce Liquidation of the Company

Spiders: "We're going to cut straight to the chase so you're not left wondering: After a long period without clear answers, we have received confirmation that Spiders is being liquidated.

What does it mean? This means the company as a whole no longer exists. We'll cease our functions immediately. The planned DLC will release via Nacon, and then-- well, that's it.

We're sorry that it's come to this and would like to thank each and every one of you for your support over the years.

If you have any questions or run into issues with your games, please contact Nacon directly as we'll no longer be able to reply."

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