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Next: Electronic Arts Proposes to Acquire Take-Two Inte..
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External
Since: Nov 28, 2004
Posts: 3125
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(Msg. 1) Posted: Mon Feb 25, 2008 10:34 am
Post subject: Take-Two to EA: Thanks, but no thanks
Archived from groups: alt>games>video>sony-playstation2, others (more info?)
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http://articles.moneycentral.msn.com/Investing/Dispatch/080225markets.aspx
Take-Two Interactive Software (TTWO, news, msgs), known for its "Grand Theft
Auto" franchise, rejected a hostile bid from video game giant Electronic
Arts (ERTS, news, msgs) on Sunday.
EA, the world's largest independent video game publisher, said it was
releasing details of the proposal -- an all-cash bid of $26 per share, or
about $2 billion -- to get the attention of Take-Two shareholders after
Take-Two's board turned down its second bid in two weeks.
The offer represents a 64% premium over Take-Two's closing stock price of
$15.83 on Feb. 15, the last trading day before EA made its proposal.
Take-Two shares closed at $17.36 Friday.
"There can be no certainty that in the future EA or any other buyer would
pay the same high premium we are offering today," EA Chief Executive John
Riccitiello wrote in a letter to Take-Two released Sunday.
Riccitiello added that Take-Two's quick acceptance of the offer would mean
EA could put its marketing muscle behind the eagerly awaited release of
"Grand Theft Auto IV," set for April 29.
In its response, Take-Two called the EA offer a "highly opportunistic"
attempt to take advantage of the game's upcoming release.
The offer comes as Take-Two works to regroup after a rocky year.
Shareholders threw out most of the company's top leadership last spring over
poor results as well as accounting troubles and controversy surrounding
violent and sexual content in the company's games. |
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External
Since: Apr 18, 2007
Posts: 196
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(Msg. 2) Posted: Mon Feb 25, 2008 10:48 am
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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On Feb 25, 10:34 am, "Tom" <no... DeleteThis @nothere.com> wrote:
> http://articles.moneycentral.msn.com/Investing/Dispatch/080225markets...
>
> Take-Two Interactive Software (TTWO, news, msgs), known for its "Grand Theft
> Auto" franchise, rejected a hostile bid from video game giant Electronic
> Arts (ERTS, news, msgs) on Sunday.
>
> EA, the world's largest independent video game publisher, said it was
> releasing details of the proposal -- an all-cash bid of $26 per share, or
> about $2 billion -- to get the attention of Take-Two shareholders after
> Take-Two's board turned down its second bid in two weeks.
>
> The offer represents a 64% premium over Take-Two's closing stock price of
> $15.83 on Feb. 15, the last trading day before EA made its proposal.
> Take-Two shares closed at $17.36 Friday.
>
> "There can be no certainty that in the future EA or any other buyer would
> pay the same high premium we are offering today," EA Chief Executive John
> Riccitiello wrote in a letter to Take-Two released Sunday.
>
> Riccitiello added that Take-Two's quick acceptance of the offer would mean
> EA could put its marketing muscle behind the eagerly awaited release of
> "Grand Theft Auto IV," set for April 29.
>
> In its response, Take-Two called the EA offer a "highly opportunistic"
> attempt to take advantage of the game's upcoming release.
>
> The offer comes as Take-Two works to regroup after a rocky year.
> Shareholders threw out most of the company's top leadership last spring over
> poor results as well as accounting troubles and controversy surrounding
> violent and sexual content in the company's games.
I don't know what's "hostile" about that bid lol. If someone offered
me $160 for my $100 bill I'd be more than glad to agree  |
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Since: Jan 29, 2007
Posts: 288
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(Msg. 3) Posted: Mon Feb 25, 2008 7:08 pm
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
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"Wolfing" <wolfing1.TakeThisOut@gmail.com> wrote in message
news:d23546f4-5cf9-4836-9894-8e1a317af2b2@f47g2000hsd.googlegroups.com...
> On Feb 25, 10:34 am, "Tom" <no....TakeThisOut@nothere.com> wrote:
>> http://articles.moneycentral.msn.com/Investing/Dispatch/080225markets...
>>
>> Take-Two Interactive Software (TTWO, news, msgs), known for its "Grand
>> Theft
>> Auto" franchise, rejected a hostile bid from video game giant Electronic
>> Arts (ERTS, news, msgs) on Sunday.
>>
>> EA, the world's largest independent video game publisher, said it was
>> releasing details of the proposal -- an all-cash bid of $26 per share, or
>> about $2 billion -- to get the attention of Take-Two shareholders after
>> Take-Two's board turned down its second bid in two weeks.
>>
>> The offer represents a 64% premium over Take-Two's closing stock price of
>> $15.83 on Feb. 15, the last trading day before EA made its proposal.
>> Take-Two shares closed at $17.36 Friday.
>>
>> "There can be no certainty that in the future EA or any other buyer would
>> pay the same high premium we are offering today," EA Chief Executive John
>> Riccitiello wrote in a letter to Take-Two released Sunday.
>>
>> Riccitiello added that Take-Two's quick acceptance of the offer would
>> mean
>> EA could put its marketing muscle behind the eagerly awaited release of
>> "Grand Theft Auto IV," set for April 29.
>>
>> In its response, Take-Two called the EA offer a "highly opportunistic"
>> attempt to take advantage of the game's upcoming release.
>>
>> The offer comes as Take-Two works to regroup after a rocky year.
>> Shareholders threw out most of the company's top leadership last spring
>> over
>> poor results as well as accounting troubles and controversy surrounding
>> violent and sexual content in the company's games.
>
> I don't know what's "hostile" about that bid lol. If someone offered
> me $160 for my $100 bill I'd be more than glad to agree
Not if that $100 bill might be worth $200 some day. >> Stay informed about: Take-Two to EA: Thanks, but no thanks |
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Since: Aug 03, 2005
Posts: 239
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(Msg. 4) Posted: Mon Feb 25, 2008 7:19 pm
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
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"Brenden D. Chase" <brenden.chaseREMOVETHIS.TakeThisOut@gmail.com> wrote in message
news:sLIwj.2001$XO4.706@newsfe19.lga...
>
> "Wolfing" <wolfing1.TakeThisOut@gmail.com> wrote in message
> news:d23546f4-5cf9-4836-9894-8e1a317af2b2@f47g2000hsd.googlegroups.com...
>> On Feb 25, 10:34 am, "Tom" <no....TakeThisOut@nothere.com> wrote:
>>> http://articles.moneycentral.msn.com/Investing/Dispatch/080225markets...
>>>
>>> Take-Two Interactive Software (TTWO, news, msgs), known for its "Grand
>>> Theft
>>> Auto" franchise, rejected a hostile bid from video game giant Electronic
>>> Arts (ERTS, news, msgs) on Sunday.
>>>
>>> EA, the world's largest independent video game publisher, said it was
>>> releasing details of the proposal -- an all-cash bid of $26 per share,
>>> or
>>> about $2 billion -- to get the attention of Take-Two shareholders after
>>> Take-Two's board turned down its second bid in two weeks.
>>>
>>> The offer represents a 64% premium over Take-Two's closing stock price
>>> of
>>> $15.83 on Feb. 15, the last trading day before EA made its proposal.
>>> Take-Two shares closed at $17.36 Friday.
>>>
>>> "There can be no certainty that in the future EA or any other buyer
>>> would
>>> pay the same high premium we are offering today," EA Chief Executive
>>> John
>>> Riccitiello wrote in a letter to Take-Two released Sunday.
>>>
>>> Riccitiello added that Take-Two's quick acceptance of the offer would
>>> mean
>>> EA could put its marketing muscle behind the eagerly awaited release of
>>> "Grand Theft Auto IV," set for April 29.
>>>
>>> In its response, Take-Two called the EA offer a "highly opportunistic"
>>> attempt to take advantage of the game's upcoming release.
>>>
>>> The offer comes as Take-Two works to regroup after a rocky year.
>>> Shareholders threw out most of the company's top leadership last spring
>>> over
>>> poor results as well as accounting troubles and controversy surrounding
>>> violent and sexual content in the company's games.
>>
>> I don't know what's "hostile" about that bid lol. If someone offered
>> me $160 for my $100 bill I'd be more than glad to agree
>
> Not if that $100 bill might be worth $200 some day.
>
>
"Might be" is the key phrase. >> Stay informed about: Take-Two to EA: Thanks, but no thanks |
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External
Since: Jan 29, 2007
Posts: 288
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(Msg. 5) Posted: Tue Feb 26, 2008 12:54 am
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
|
"Mattinglyfan" <kyler_jai.DeleteThis@hotmail.com> wrote in message
news:-dqdnTdrn4i96l7anZ2dnUVZ_vKunZ2d@comcast.com...
>
> "Brenden D. Chase" <brenden.chaseREMOVETHIS.DeleteThis@gmail.com> wrote in message
> news:sLIwj.2001$XO4.706@newsfe19.lga...
>>
>> "Wolfing" <wolfing1.DeleteThis@gmail.com> wrote in message
>> news:d23546f4-5cf9-4836-9894-8e1a317af2b2@f47g2000hsd.googlegroups.com...
>>> On Feb 25, 10:34 am, "Tom" <no....DeleteThis@nothere.com> wrote:
>>>> http://articles.moneycentral.msn.com/Investing/Dispatch/080225markets...
>>>>
>>>> Take-Two Interactive Software (TTWO, news, msgs), known for its "Grand
>>>> Theft
>>>> Auto" franchise, rejected a hostile bid from video game giant
>>>> Electronic
>>>> Arts (ERTS, news, msgs) on Sunday.
>>>>
>>>> EA, the world's largest independent video game publisher, said it was
>>>> releasing details of the proposal -- an all-cash bid of $26 per share,
>>>> or
>>>> about $2 billion -- to get the attention of Take-Two shareholders after
>>>> Take-Two's board turned down its second bid in two weeks.
>>>>
>>>> The offer represents a 64% premium over Take-Two's closing stock price
>>>> of
>>>> $15.83 on Feb. 15, the last trading day before EA made its proposal.
>>>> Take-Two shares closed at $17.36 Friday.
>>>>
>>>> "There can be no certainty that in the future EA or any other buyer
>>>> would
>>>> pay the same high premium we are offering today," EA Chief Executive
>>>> John
>>>> Riccitiello wrote in a letter to Take-Two released Sunday.
>>>>
>>>> Riccitiello added that Take-Two's quick acceptance of the offer would
>>>> mean
>>>> EA could put its marketing muscle behind the eagerly awaited release of
>>>> "Grand Theft Auto IV," set for April 29.
>>>>
>>>> In its response, Take-Two called the EA offer a "highly opportunistic"
>>>> attempt to take advantage of the game's upcoming release.
>>>>
>>>> The offer comes as Take-Two works to regroup after a rocky year.
>>>> Shareholders threw out most of the company's top leadership last spring
>>>> over
>>>> poor results as well as accounting troubles and controversy surrounding
>>>> violent and sexual content in the company's games.
>>>
>>> I don't know what's "hostile" about that bid lol. If someone offered
>>> me $160 for my $100 bill I'd be more than glad to agree
>>
>> Not if that $100 bill might be worth $200 some day.
>>
>>
>
> "Might be" is the key phrase.
I take it that you arent a gambling man? >> Stay informed about: Take-Two to EA: Thanks, but no thanks |
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External
Since: Jan 31, 2008
Posts: 1234
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(Msg. 6) Posted: Tue Feb 26, 2008 2:12 am
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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External
Since: Aug 03, 2005
Posts: 239
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(Msg. 7) Posted: Tue Feb 26, 2008 3:42 am
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
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"Brenden D. Chase" <brenden.chaseREMOVETHIS RemoveThis @gmail.com> wrote in message
news:%PNwj.10153$0M3.2674@newsfe17.lga...
>
> "Mattinglyfan" <kyler_jai RemoveThis @hotmail.com> wrote in message
> news:-dqdnTdrn4i96l7anZ2dnUVZ_vKunZ2d@comcast.com...
>>
>> "Brenden D. Chase" <brenden.chaseREMOVETHIS RemoveThis @gmail.com> wrote in message
>> news:sLIwj.2001$XO4.706@newsfe19.lga...
>>>
>>> "Wolfing" <wolfing1 RemoveThis @gmail.com> wrote in message
>>> news:d23546f4-5cf9-4836-9894-8e1a317af2b2@f47g2000hsd.googlegroups.com...
>>>> On Feb 25, 10:34 am, "Tom" <no... RemoveThis @nothere.com> wrote:
>>>>> http://articles.moneycentral.msn.com/Investing/Dispatch/080225markets...
>>>>>
>>>>> Take-Two Interactive Software (TTWO, news, msgs), known for its "Grand
>>>>> Theft
>>>>> Auto" franchise, rejected a hostile bid from video game giant
>>>>> Electronic
>>>>> Arts (ERTS, news, msgs) on Sunday.
>>>>>
>>>>> EA, the world's largest independent video game publisher, said it was
>>>>> releasing details of the proposal -- an all-cash bid of $26 per share,
>>>>> or
>>>>> about $2 billion -- to get the attention of Take-Two shareholders
>>>>> after
>>>>> Take-Two's board turned down its second bid in two weeks.
>>>>>
>>>>> The offer represents a 64% premium over Take-Two's closing stock price
>>>>> of
>>>>> $15.83 on Feb. 15, the last trading day before EA made its proposal.
>>>>> Take-Two shares closed at $17.36 Friday.
>>>>>
>>>>> "There can be no certainty that in the future EA or any other buyer
>>>>> would
>>>>> pay the same high premium we are offering today," EA Chief Executive
>>>>> John
>>>>> Riccitiello wrote in a letter to Take-Two released Sunday.
>>>>>
>>>>> Riccitiello added that Take-Two's quick acceptance of the offer would
>>>>> mean
>>>>> EA could put its marketing muscle behind the eagerly awaited release
>>>>> of
>>>>> "Grand Theft Auto IV," set for April 29.
>>>>>
>>>>> In its response, Take-Two called the EA offer a "highly opportunistic"
>>>>> attempt to take advantage of the game's upcoming release.
>>>>>
>>>>> The offer comes as Take-Two works to regroup after a rocky year.
>>>>> Shareholders threw out most of the company's top leadership last
>>>>> spring over
>>>>> poor results as well as accounting troubles and controversy
>>>>> surrounding
>>>>> violent and sexual content in the company's games.
>>>>
>>>> I don't know what's "hostile" about that bid lol. If someone offered
>>>> me $160 for my $100 bill I'd be more than glad to agree
>>>
>>> Not if that $100 bill might be worth $200 some day.
>>>
>>>
>>
>> "Might be" is the key phrase.
>
> I take it that you arent a gambling man?
Not after it almost cost me my marriage 7 years ago, no. Before that, heck
yeah. >> Stay informed about: Take-Two to EA: Thanks, but no thanks |
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External
Since: Nov 11, 2006
Posts: 439
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(Msg. 8) Posted: Tue Feb 26, 2008 4:23 pm
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Mattinglyfan" <kyler_jai.DeleteThis@hotmail.com> wrote in message
news:Q-SdnT2q5NmYcF7anZ2dnUVZ_g6dnZ2d@comcast.com...
>
> "Brenden D. Chase" <brenden.chaseREMOVETHIS.DeleteThis@gmail.com> wrote in message
> news:%PNwj.10153$0M3.2674@newsfe17.lga...
>>
>> I take it that you arent a gambling man?
>
> Not after it almost cost me my marriage 7 years ago, no. Before that,
> heck yeah.
>
meh...I bet she woulda stayed with you anyway. >> Stay informed about: Take-Two to EA: Thanks, but no thanks |
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External
Since: Aug 03, 2005
Posts: 239
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(Msg. 9) Posted: Tue Feb 26, 2008 9:40 pm
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"khee mao" <big_bad_buddha_daddy.DeleteThis@yahoo.com> wrote in message
news:fq2aic$e1r$1@gnus01.u.washington.edu...
>
> "Mattinglyfan" <kyler_jai.DeleteThis@hotmail.com> wrote in message
> news:Q-SdnT2q5NmYcF7anZ2dnUVZ_g6dnZ2d@comcast.com...
>>
>> "Brenden D. Chase" <brenden.chaseREMOVETHIS.DeleteThis@gmail.com> wrote in message
>> news:%PNwj.10153$0M3.2674@newsfe17.lga...
>>>
>>> I take it that you arent a gambling man?
>>
>> Not after it almost cost me my marriage 7 years ago, no. Before that,
>> heck yeah.
>>
> meh...I bet she woulda stayed with you anyway.
>
>
Most women frown on homelessness. >> Stay informed about: Take-Two to EA: Thanks, but no thanks |
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External
Since: Jan 29, 2007
Posts: 288
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(Msg. 10) Posted: Wed Feb 27, 2008 10:08 pm
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Mattinglyfan" <kyler_jai RemoveThis @hotmail.com> wrote in message
news:E6mdnfhlmtzGdFnanZ2dnUVZ_ualnZ2d@comcast.com...
>
> "khee mao" <big_bad_buddha_daddy RemoveThis @yahoo.com> wrote in message
> news:fq2aic$e1r$1@gnus01.u.washington.edu...
>>
>> "Mattinglyfan" <kyler_jai RemoveThis @hotmail.com> wrote in message
>> news:Q-SdnT2q5NmYcF7anZ2dnUVZ_g6dnZ2d@comcast.com...
>>>
>>> "Brenden D. Chase" <brenden.chaseREMOVETHIS RemoveThis @gmail.com> wrote in message
>>> news:%PNwj.10153$0M3.2674@newsfe17.lga...
>>>>
>>>> I take it that you arent a gambling man?
>>>
>>> Not after it almost cost me my marriage 7 years ago, no. Before that,
>>> heck yeah.
>>>
>> meh...I bet she woulda stayed with you anyway.
>>
>>
>
> Most women frown on homelessness.
>
Most >> Stay informed about: Take-Two to EA: Thanks, but no thanks |
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External
Since: Nov 21, 2007
Posts: 99
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(Msg. 11) Posted: Sat Mar 01, 2008 12:19 am
Post subject: Re: Take-Two to EA: Thanks, but no thanks [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Mattinglyfan" <kyler_jai.DeleteThis@hotmail.com> wrote in message
news:E6mdnfhlmtzGdFnanZ2dnUVZ_ualnZ2d@comcast.com...
>
> "khee mao" <big_bad_buddha_daddy.DeleteThis@yahoo.com> wrote in message
> news:fq2aic$e1r$1@gnus01.u.washington.edu...
>>
>> "Mattinglyfan" <kyler_jai.DeleteThis@hotmail.com> wrote in message
>> news:Q-SdnT2q5NmYcF7anZ2dnUVZ_g6dnZ2d@comcast.com...
>>>
>>> "Brenden D. Chase" <brenden.chaseREMOVETHIS.DeleteThis@gmail.com> wrote in message
>>> news:%PNwj.10153$0M3.2674@newsfe17.lga...
>>>>
>>>> I take it that you arent a gambling man?
>>>
>>> Not after it almost cost me my marriage 7 years ago, no. Before that,
>>> heck yeah.
>>>
>> meh...I bet she woulda stayed with you anyway.
>>
>>
>
> Most women frown on homelessness.
>
I'd bet the house she'd stay with you. >> Stay informed about: Take-Two to EA: Thanks, but no thanks |
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