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Zelnick tells EA, Challenge This!

Update: After reading Herb Greenberg's outlook on Take2's rejection, one has to re-examine if Zelnick cares about GTAIV more than money. Mr. Greenberg provides a perspective of Take2 and ZelnickMedia placing themselves before shareholders. The core issue still stands, though, and that is some gamers do not want to see GTA IV and subsequent titles in the series produced by EA.



In the interest of sharing some thoughts on the recent offer by EA to Take-Two this post has been created. Maybe we could say thank you Strauss Zelnick, executive chairman, and the rest of the Board of Take-Two for declining EA's offers. At least they stand behind their product when facing a monopoly. EA is not helping the game industry progress forward in terms of innovative and quality games, it seems they only see green. Do they seek GTA IV or do they just want a monopoly on sports titles? This could be an awakening for them.

Therefore, we offered to initiate discussions with EA on April 30th, 2008 (the day after Grand Theft Auto IV is scheduled to release). We believe this offer demonstrated our commitment to pursuing all avenues to maximize stockholder value, while we believe that EA's refusal to entertain this path is evidence of their desire to acquire Take-Two at a significant discount, whereas we believe this value rightly belongs to our stockholders.


Plainly stated, Mr. Zelnick politely and firmly says thanks, but no thanks. If Zelnick is in it only for money, that may be so, but something may be different about it. It is possible that he has a greater focus of excellence and money is only a byproduct of his drive, but time will reveal the truth. Back in March, he did say, "I'm much more interested in growing the business than in selling it, to be clear. I would say for the next five to seven years this is a terrific time to be in the video game business."

After reading the press release a message jumped out: The company has faith in their product. Producers and developers with faith in the product will evolve video games to greater levels. How do you feel about this offer by EA? All comments will be appreciated.

Source: [Take2Games]

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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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simulationdaily.com
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Jin_Sakai18d ago (Edited 18d ago )

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

dveio18d 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.

Jingsing18d 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.

Tanktopmaster9218d ago

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

S2Killinit18d ago

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

Jingsing18d 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.

Tanktopmaster9217d 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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Games Done Quick is coming to Europe for the first time with 3 days of Gamescom speedruns

The charity event will be streamed live from Gamescom in August.

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videogameschronicle.com
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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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