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Since: Jan 04, 2008
Posts: 38
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(Msg. 1) Posted: Sun Feb 24, 2008 11:54 am
Post subject: Electronic Arts Proposes to Acquire Take-Two Interactive Software for
Archived from groups: alt>games>video>xbox, others (more info?)
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Electronic Arts Proposes to Acquire Take-Two Interactive Software for
$26 Per Share in Cash, or Approximately $2.0 Billion
Sunday February 24, 2:00 pm ET
Proposal Represents 64 Percent Premium to Take-Two's February 15th
Closing Price and 63 Percent Premium to Take-Two's Closing Price Over
the Previous 30 Days
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. today
announced that it has proposed to acquire Take-Two Interactive
Software, Inc. in an all-cash merger valued at approximately $2.0
billion.
EA's proposal of $26 per share in cash represents a premium of 64
percent over Take-Two's closing stock price on Feb. 15th, the last
trading day before EA sent its revised proposal to Take-Two, and a 63
percent premium over Take-Two's 30-day trailing average price over the
thirty trading days ending on that date.
EA's proposal was contained in a letter sent on Feb. 19th by EA Chief
Executive Officer John Riccitiello to Strauss Zelnick, Executive
Chairman of the Board of Directors of Take-Two. The Take-Two Board's
subsequent rejection of the EA proposal led to EA's decision to
release the letter and bring its proposal to the attention of all Take-
Two shareholders.
Mr. Riccitiello said today: "Our all-cash proposal is a unique
opportunity for Take-Two shareholders to realize immediate value at a
substantial premium, while creating long-term value for EA
shareholders. Take-Two's game designers would also benefit from EA's
financial resources, stable, game-focused management team, and strong
global publishing capabilities."
The EA letter warned that further Take-Two delay in accepting EA's
proposal could prevent Take-Two's shareholders and other constituents
from realizing its benefits. "There can be no certainty that in the
future EA or any other buyer would pay the same high premium we are
offering today," Mr. Riccitiello wrote. The letter added that timely
completion of the proposed transaction would allow EA's strong
publishing and distribution network to positively impact the ongoing
post-launch sales of GTA IV and support the new Take-Two titles
scheduled for launch later in the year and during the holiday selling
season.
As noted in EA's Feb. 19th letter, EA's proposal is not conditioned on
any financing requirement. It is, however, subject to certain
customary conditions as set forth in the letter. EA's $26 per share
proposal is based on the current equity capitalization of Take-Two.
Although EA indicated in the letter that its proposal was subject to
negotiations commencing by Feb. 22nd, EA intends to keep its proposal
open for the present to give Take-Two's shareholders and Board of
Directors further time to consider it.
(the rest here)
http://biz.yahoo.com/bw/080224/20080224005062.html?.v=1 |
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External
Since: Jun 25, 2005
Posts: 39
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(Msg. 2) Posted: Sun Feb 24, 2008 1:01 pm
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software for about $2 Billion [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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Geez, and the letter doesn't even say "Yes, and your sports titles will die
a horrible death!"
In all seriousness though, this would indeed be a sad day for all sports
gamers if this deal happens. EA will own sports in Video gaming and with no
more competition, well...nuff said. I have been around long enough to
understand why mergers like these happen but I just hope that someone else
in the other large corporations realizes what giving EA Take 2 really means
not just for gamers but for their own pocket books.
"AirRaid" <airraid1400.RemoveThis@gmail.com> wrote in message
news:9579d287-b6dc-4a27-8b46-4c4ad8bdafc9@e6g2000prf.googlegroups.com...
> Electronic Arts Proposes to Acquire Take-Two Interactive Software for
> $26 Per Share in Cash, or Approximately $2.0 Billion
> Sunday February 24, 2:00 pm ET
> Proposal Represents 64 Percent Premium to Take-Two's February 15th
> Closing Price and 63 Percent Premium to Take-Two's Closing Price Over
> the Previous 30 Days
>
> REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. today
> announced that it has proposed to acquire Take-Two Interactive
> Software, Inc. in an all-cash merger valued at approximately $2.0
> billion.
>
> EA's proposal of $26 per share in cash represents a premium of 64
> percent over Take-Two's closing stock price on Feb. 15th, the last
> trading day before EA sent its revised proposal to Take-Two, and a 63
> percent premium over Take-Two's 30-day trailing average price over the
> thirty trading days ending on that date.
>
> EA's proposal was contained in a letter sent on Feb. 19th by EA Chief
> Executive Officer John Riccitiello to Strauss Zelnick, Executive
> Chairman of the Board of Directors of Take-Two. The Take-Two Board's
> subsequent rejection of the EA proposal led to EA's decision to
> release the letter and bring its proposal to the attention of all Take-
> Two shareholders.
>
> Mr. Riccitiello said today: "Our all-cash proposal is a unique
> opportunity for Take-Two shareholders to realize immediate value at a
> substantial premium, while creating long-term value for EA
> shareholders. Take-Two's game designers would also benefit from EA's
> financial resources, stable, game-focused management team, and strong
> global publishing capabilities."
>
> The EA letter warned that further Take-Two delay in accepting EA's
> proposal could prevent Take-Two's shareholders and other constituents
> from realizing its benefits. "There can be no certainty that in the
> future EA or any other buyer would pay the same high premium we are
> offering today," Mr. Riccitiello wrote. The letter added that timely
> completion of the proposed transaction would allow EA's strong
> publishing and distribution network to positively impact the ongoing
> post-launch sales of GTA IV and support the new Take-Two titles
> scheduled for launch later in the year and during the holiday selling
> season.
>
> As noted in EA's Feb. 19th letter, EA's proposal is not conditioned on
> any financing requirement. It is, however, subject to certain
> customary conditions as set forth in the letter. EA's $26 per share
> proposal is based on the current equity capitalization of Take-Two.
> Although EA indicated in the letter that its proposal was subject to
> negotiations commencing by Feb. 22nd, EA intends to keep its proposal
> open for the present to give Take-Two's shareholders and Board of
> Directors further time to consider it.
>
> (the rest here)
>
> http://biz.yahoo.com/bw/080224/20080224005062.html?.v=1
> |
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Since: Aug 03, 2005
Posts: 239
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(Msg. 3) Posted: Sun Feb 24, 2008 5:53 pm
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software for about $2 Billion [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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"Mark McNulty" <MarkMcNulty RemoveThis @comcast.net> wrote in message
news:H--dncKt_cQwRlzanZ2dnUVZ_sytnZ2d@comcast.com...
> Geez, and the letter doesn't even say "Yes, and your sports titles will
> die a horrible death!"
>
Hmm.... Lets think about this. If Take 2 Makes a superior basketball game
to EA and a comparable American Football game and a pretty decent basketball
game, why would THEIR sports titles die a horrible death? If anything, this
is VERY good for gaming. In theory, EA could apply everything that take 2
does that is superior and make an uber-sports game. Online leagues, fluid
animation, player VIP information....... The possibilities are endless.
Killing off Take 2 wouldn't make people forget what they liked about their
games, it would EMPHASIZE it. Bringing Take 2 back to where it was would
only make EA look like the good guy in this situation. Is Visual Concepts
still owned by take 2 anyway? If not, all this is irrelevant in terms of
sports gaming.
> In all seriousness though, this would indeed be a sad day for all sports
> gamers if this deal happens. EA will own sports in Video gaming and with
> no more competition, well...nuff said. I have been around long enough to
> understand why mergers like these happen but I just hope that someone else
> in the other large corporations realizes what giving EA Take 2 really
> means not just for gamers but for their own pocket books.
>
>
> "AirRaid" <airraid1400 RemoveThis @gmail.com> wrote in message
> news:9579d287-b6dc-4a27-8b46-4c4ad8bdafc9@e6g2000prf.googlegroups.com...
>> Electronic Arts Proposes to Acquire Take-Two Interactive Software for
>> $26 Per Share in Cash, or Approximately $2.0 Billion
>> Sunday February 24, 2:00 pm ET
>> Proposal Represents 64 Percent Premium to Take-Two's February 15th
>> Closing Price and 63 Percent Premium to Take-Two's Closing Price Over
>> the Previous 30 Days
>>
>> REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. today
>> announced that it has proposed to acquire Take-Two Interactive
>> Software, Inc. in an all-cash merger valued at approximately $2.0
>> billion.
>>
>> EA's proposal of $26 per share in cash represents a premium of 64
>> percent over Take-Two's closing stock price on Feb. 15th, the last
>> trading day before EA sent its revised proposal to Take-Two, and a 63
>> percent premium over Take-Two's 30-day trailing average price over the
>> thirty trading days ending on that date.
>>
>> EA's proposal was contained in a letter sent on Feb. 19th by EA Chief
>> Executive Officer John Riccitiello to Strauss Zelnick, Executive
>> Chairman of the Board of Directors of Take-Two. The Take-Two Board's
>> subsequent rejection of the EA proposal led to EA's decision to
>> release the letter and bring its proposal to the attention of all Take-
>> Two shareholders.
>>
>> Mr. Riccitiello said today: "Our all-cash proposal is a unique
>> opportunity for Take-Two shareholders to realize immediate value at a
>> substantial premium, while creating long-term value for EA
>> shareholders. Take-Two's game designers would also benefit from EA's
>> financial resources, stable, game-focused management team, and strong
>> global publishing capabilities."
>>
>> The EA letter warned that further Take-Two delay in accepting EA's
>> proposal could prevent Take-Two's shareholders and other constituents
>> from realizing its benefits. "There can be no certainty that in the
>> future EA or any other buyer would pay the same high premium we are
>> offering today," Mr. Riccitiello wrote. The letter added that timely
>> completion of the proposed transaction would allow EA's strong
>> publishing and distribution network to positively impact the ongoing
>> post-launch sales of GTA IV and support the new Take-Two titles
>> scheduled for launch later in the year and during the holiday selling
>> season.
>>
>> As noted in EA's Feb. 19th letter, EA's proposal is not conditioned on
>> any financing requirement. It is, however, subject to certain
>> customary conditions as set forth in the letter. EA's $26 per share
>> proposal is based on the current equity capitalization of Take-Two.
>> Although EA indicated in the letter that its proposal was subject to
>> negotiations commencing by Feb. 22nd, EA intends to keep its proposal
>> open for the present to give Take-Two's shareholders and Board of
>> Directors further time to consider it.
>>
>> (the rest here)
>>
>> http://biz.yahoo.com/bw/080224/20080224005062.html?.v=1
>>
>
> >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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External
Since: Nov 19, 2007
Posts: 927
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(Msg. 4) Posted: Sun Feb 24, 2008 7:52 pm
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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On Feb 24, 8:31 pm, Andre Matuch <n... DeleteThis @spam.com> wrote:
> AirRaid wrote:
> > Electronic Arts Proposes to Acquire Take-Two Interactive Software for
> > $26 Per Share in Cash, or Approximately $2.0 Billion
> > Sunday February 24, 2:00 pm ET
> > Proposal Represents 64 Percent Premium to Take-Two's February 15th
> > Closing Price and 63 Percent Premium to Take-Two's Closing Price Over
> > the Previous 30 Days
>
> > REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. today
> > announced that it has proposed to acquire Take-Two Interactive
> > Software, Inc. in an all-cash merger valued at approximately $2.0
> > billion.
>
> > EA's proposal of $26 per share in cash represents a premium of 64
> > percent over Take-Two's closing stock price on Feb. 15th, the last
> > trading day before EA sent its revised proposal to Take-Two, and a 63
> > percent premium over Take-Two's 30-day trailing average price over the
> > thirty trading days ending on that date.
>
> > EA's proposal was contained in a letter sent on Feb. 19th by EA Chief
> > Executive Officer John Riccitiello to Strauss Zelnick, Executive
> > Chairman of the Board of Directors of Take-Two. The Take-Two Board's
> > subsequent rejection of the EA proposal led to EA's decision to
> > release the letter and bring its proposal to the attention of all Take-
> > Two shareholders.
>
> > Mr. Riccitiello said today: "Our all-cash proposal is a unique
> > opportunity for Take-Two shareholders to realize immediate value at a
> > substantial premium, while creating long-term value for EA
> > shareholders. Take-Two's game designers would also benefit from EA's
> > financial resources, stable, game-focused management team, and strong
> > global publishing capabilities."
>
> > The EA letter warned that further Take-Two delay in accepting EA's
> > proposal could prevent Take-Two's shareholders and other constituents
> > from realizing its benefits. "There can be no certainty that in the
> > future EA or any other buyer would pay the same high premium we are
> > offering today," Mr. Riccitiello wrote. The letter added that timely
> > completion of the proposed transaction would allow EA's strong
> > publishing and distribution network to positively impact the ongoing
> > post-launch sales of GTA IV and support the new Take-Two titles
> > scheduled for launch later in the year and during the holiday selling
> > season.
>
> > As noted in EA's Feb. 19th letter, EA's proposal is not conditioned on
> > any financing requirement. It is, however, subject to certain
> > customary conditions as set forth in the letter. EA's $26 per share
> > proposal is based on the current equity capitalization of Take-Two.
> > Although EA indicated in the letter that its proposal was subject to
> > negotiations commencing by Feb. 22nd, EA intends to keep its proposal
> > open for the present to give Take-Two's shareholders and Board of
> > Directors further time to consider it.
>
> > (the rest here)
>
> >http://biz.yahoo.com/bw/080224/20080224005062.html?.v=1
>
> I'm one of a very small number of people that prefers the 2K sports
> games to the EA ones. Being from Montreal, the only sports games that
> matter to me involve hockey and I can honestly say that I have steadily
> preferred teh NHL 2K series to the NHL 0 series for a while now. If this
> happens, I will literally be very pissed.
>
> Honestly, I think that if this deal has not yet happened, it might be a
> good idea for Microsoft or someone else to step in and put in a higher
> bid. Electronic Arts is already too large and this whole takeover would
> leave the gaming industry with a situation similar to that of cinema
> (where movies basically come from a handful of American studios that
> have no ability to create anything original and independent movies are
> virtually ignored and seldom cast into the spotlight).
WTF? Do you remember what MS sports were like? >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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External
Since: Nov 22, 2007
Posts: 206
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(Msg. 5) Posted: Sun Feb 24, 2008 8:05 pm
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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On Feb 24, 8:06 pm, "boodybandit" <allaboutga....DeleteThis@comcast.net> wrote:
> "Mattinglyfan" <kyler_....DeleteThis@hotmail.com> wrote in message
>
> news:lNmdnZoQpJ0CjF_anZ2dnUVZ_rGhnZ2d@comcast.com...
>
>
>
> > "Mark McNulty" <MarkMcNu....DeleteThis@comcast.net> wrote in message
> >news:H--dncKt_cQwRlzanZ2dnUVZ_sytnZ2d@comcast.com...
> >> Geez, and the letter doesn't even say "Yes, and your sports titles will
> >> die a horrible death!"
>
> > Hmm.... Lets think about this. If Take 2 Makes a superior basketball game
> > to EA and a comparable American Football game and a pretty decent
> > basketball game, why would THEIR sports titles die a horrible death?
>
> Yup. Can you imagine 2K Basketball with EA's graphics?
EA would take the worst of both worlds.
- Rich >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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External
Since: Apr 17, 2007
Posts: 1050
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(Msg. 6) Posted: Sun Feb 24, 2008 8:06 pm
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software for about $2 Billion [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:lNmdnZoQpJ0CjF_anZ2dnUVZ_rGhnZ2d@comcast.com...
>
> "Mark McNulty" <MarkMcNulty.RemoveThis@comcast.net> wrote in message
> news:H--dncKt_cQwRlzanZ2dnUVZ_sytnZ2d@comcast.com...
>> Geez, and the letter doesn't even say "Yes, and your sports titles will
>> die a horrible death!"
>>
>
> Hmm.... Lets think about this. If Take 2 Makes a superior basketball game
> to EA and a comparable American Football game and a pretty decent
> basketball game, why would THEIR sports titles die a horrible death?
Yup. Can you imagine 2K Basketball with EA's graphics? >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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External
Since: Jun 25, 2005
Posts: 39
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(Msg. 7) Posted: Sun Feb 24, 2008 8:06 pm
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software for about $2 Billion [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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In theory you are right but it all depends on the acquisition and how it
pans out. It costs to merge code bases and that also assumes that the right
Devs stay behind to help with this. Also, that is saying that EA does
indeed think that 2K makes a significantly better product to adapt their
code base.
Now, even if they did integrate, while we may see benefits in the short
term, without competition, why strive to be better every year? Why push the
limit, spend extra money when there is no incentive. If you are the only
game in town, people either play what you have or go without. Captive
audience. Just look at the track record EA has when there is no competition
but every time someone starts to take any form of market share from them, we
see an increase in the quality of their games.
So, I do not dismiss what you guys are saying and I agree with you all for
the short term but a leopard never changes its spots.
"boodybandit" <allaboutgamez RemoveThis @comcast.net> wrote in message
news:15ydnQA4048AiV_anZ2dnUVZ_ualnZ2d@comcast.com...
>
> "Mattinglyfan" <kyler_jai RemoveThis @hotmail.com> wrote in message
> news:lNmdnZoQpJ0CjF_anZ2dnUVZ_rGhnZ2d@comcast.com...
>>
>> "Mark McNulty" <MarkMcNulty RemoveThis @comcast.net> wrote in message
>> news:H--dncKt_cQwRlzanZ2dnUVZ_sytnZ2d@comcast.com...
>>> Geez, and the letter doesn't even say "Yes, and your sports titles will
>>> die a horrible death!"
>>>
>>
>> Hmm.... Lets think about this. If Take 2 Makes a superior basketball
>> game to EA and a comparable American Football game and a pretty decent
>> basketball game, why would THEIR sports titles die a horrible death?
>
> Yup. Can you imagine 2K Basketball with EA's graphics? >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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Since: Nov 22, 2007
Posts: 206
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(Msg. 8) Posted: Sun Feb 24, 2008 8:07 pm
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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On Feb 24, 7:53 pm, "Mattinglyfan" <kyler_....RemoveThis@hotmail.com> wrote:
> "Mark McNulty" <MarkMcNu....RemoveThis@comcast.net> wrote in message
>
> news:H--dncKt_cQwRlzanZ2dnUVZ_sytnZ2d@comcast.com...
>
> > Geez, and the letter doesn't even say "Yes, and your sports titles will
> > die a horrible death!"
>
> Hmm.... Lets think about this. If Take 2 Makes a superior basketball game
> to EA and a comparable American Football game and a pretty decent basketball
> game, why would THEIR sports titles die a horrible death? If anything, this
> is VERY good for gaming. In theory, EA could apply everything that take 2
> does that is superior and make an uber-sports game. Online leagues, fluid
> animation, player VIP information....... The possibilities are endless.
> Killing off Take 2 wouldn't make people forget what they liked about their
> games, it would EMPHASIZE it. Bringing Take 2 back to where it was would
> only make EA look like the good guy in this situation. Is Visual Concepts
> still owned by take 2 anyway? If not, all this is irrelevant in terms of
> sports gaming.
Has Madden gotten better or worse whenever it didn't have competition?
- Rich >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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Since: Feb 24, 2008
Posts: 25
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(Msg. 9) Posted: Sun Feb 24, 2008 10:31 pm
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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AirRaid wrote:
> Electronic Arts Proposes to Acquire Take-Two Interactive Software for
> $26 Per Share in Cash, or Approximately $2.0 Billion
> Sunday February 24, 2:00 pm ET
> Proposal Represents 64 Percent Premium to Take-Two's February 15th
> Closing Price and 63 Percent Premium to Take-Two's Closing Price Over
> the Previous 30 Days
>
> REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. today
> announced that it has proposed to acquire Take-Two Interactive
> Software, Inc. in an all-cash merger valued at approximately $2.0
> billion.
>
> EA's proposal of $26 per share in cash represents a premium of 64
> percent over Take-Two's closing stock price on Feb. 15th, the last
> trading day before EA sent its revised proposal to Take-Two, and a 63
> percent premium over Take-Two's 30-day trailing average price over the
> thirty trading days ending on that date.
>
> EA's proposal was contained in a letter sent on Feb. 19th by EA Chief
> Executive Officer John Riccitiello to Strauss Zelnick, Executive
> Chairman of the Board of Directors of Take-Two. The Take-Two Board's
> subsequent rejection of the EA proposal led to EA's decision to
> release the letter and bring its proposal to the attention of all Take-
> Two shareholders.
>
> Mr. Riccitiello said today: "Our all-cash proposal is a unique
> opportunity for Take-Two shareholders to realize immediate value at a
> substantial premium, while creating long-term value for EA
> shareholders. Take-Two's game designers would also benefit from EA's
> financial resources, stable, game-focused management team, and strong
> global publishing capabilities."
>
> The EA letter warned that further Take-Two delay in accepting EA's
> proposal could prevent Take-Two's shareholders and other constituents
> from realizing its benefits. "There can be no certainty that in the
> future EA or any other buyer would pay the same high premium we are
> offering today," Mr. Riccitiello wrote. The letter added that timely
> completion of the proposed transaction would allow EA's strong
> publishing and distribution network to positively impact the ongoing
> post-launch sales of GTA IV and support the new Take-Two titles
> scheduled for launch later in the year and during the holiday selling
> season.
>
> As noted in EA's Feb. 19th letter, EA's proposal is not conditioned on
> any financing requirement. It is, however, subject to certain
> customary conditions as set forth in the letter. EA's $26 per share
> proposal is based on the current equity capitalization of Take-Two.
> Although EA indicated in the letter that its proposal was subject to
> negotiations commencing by Feb. 22nd, EA intends to keep its proposal
> open for the present to give Take-Two's shareholders and Board of
> Directors further time to consider it.
>
> (the rest here)
>
> http://biz.yahoo.com/bw/080224/20080224005062.html?.v=1
>
I'm one of a very small number of people that prefers the 2K sports
games to the EA ones. Being from Montreal, the only sports games that
matter to me involve hockey and I can honestly say that I have steadily
preferred teh NHL 2K series to the NHL 0 series for a while now. If this
happens, I will literally be very pissed.
Honestly, I think that if this deal has not yet happened, it might be a
good idea for Microsoft or someone else to step in and put in a higher
bid. Electronic Arts is already too large and this whole takeover would
leave the gaming industry with a situation similar to that of cinema
(where movies basically come from a handful of American studios that
have no ability to create anything original and independent movies are
virtually ignored and seldom cast into the spotlight). >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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External
Since: Aug 13, 2005
Posts: 156
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(Msg. 10) Posted: Mon Feb 25, 2008 4:44 am
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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Mattinglyfan wrote:
> On Feb 24, 8:31 pm, Andre Matuch <n....DeleteThis@spam.com> wrote:
>> AirRaid wrote:
>>> Electronic Arts Proposes to Acquire Take-Two Interactive Software for
>>> $26 Per Share in Cash, or Approximately $2.0 Billion
>>> Sunday February 24, 2:00 pm ET
>>> Proposal Represents 64 Percent Premium to Take-Two's February 15th
>>> Closing Price and 63 Percent Premium to Take-Two's Closing Price Over
>>> the Previous 30 Days
>>> REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. today
>>> announced that it has proposed to acquire Take-Two Interactive
>>> Software, Inc. in an all-cash merger valued at approximately $2.0
>>> billion.
>>> EA's proposal of $26 per share in cash represents a premium of 64
>>> percent over Take-Two's closing stock price on Feb. 15th, the last
>>> trading day before EA sent its revised proposal to Take-Two, and a 63
>>> percent premium over Take-Two's 30-day trailing average price over the
>>> thirty trading days ending on that date.
>>> EA's proposal was contained in a letter sent on Feb. 19th by EA Chief
>>> Executive Officer John Riccitiello to Strauss Zelnick, Executive
>>> Chairman of the Board of Directors of Take-Two. The Take-Two Board's
>>> subsequent rejection of the EA proposal led to EA's decision to
>>> release the letter and bring its proposal to the attention of all Take-
>>> Two shareholders.
>>> Mr. Riccitiello said today: "Our all-cash proposal is a unique
>>> opportunity for Take-Two shareholders to realize immediate value at a
>>> substantial premium, while creating long-term value for EA
>>> shareholders. Take-Two's game designers would also benefit from EA's
>>> financial resources, stable, game-focused management team, and strong
>>> global publishing capabilities."
>>> The EA letter warned that further Take-Two delay in accepting EA's
>>> proposal could prevent Take-Two's shareholders and other constituents
>>> from realizing its benefits. "There can be no certainty that in the
>>> future EA or any other buyer would pay the same high premium we are
>>> offering today," Mr. Riccitiello wrote. The letter added that timely
>>> completion of the proposed transaction would allow EA's strong
>>> publishing and distribution network to positively impact the ongoing
>>> post-launch sales of GTA IV and support the new Take-Two titles
>>> scheduled for launch later in the year and during the holiday selling
>>> season.
>>> As noted in EA's Feb. 19th letter, EA's proposal is not conditioned on
>>> any financing requirement. It is, however, subject to certain
>>> customary conditions as set forth in the letter. EA's $26 per share
>>> proposal is based on the current equity capitalization of Take-Two.
>>> Although EA indicated in the letter that its proposal was subject to
>>> negotiations commencing by Feb. 22nd, EA intends to keep its proposal
>>> open for the present to give Take-Two's shareholders and Board of
>>> Directors further time to consider it.
>>> (the rest here)
>>> http://biz.yahoo.com/bw/080224/20080224005062.html?.v=1
>> I'm one of a very small number of people that prefers the 2K sports
>> games to the EA ones. Being from Montreal, the only sports games that
>> matter to me involve hockey and I can honestly say that I have steadily
>> preferred teh NHL 2K series to the NHL 0 series for a while now. If this
>> happens, I will literally be very pissed.
>>
>> Honestly, I think that if this deal has not yet happened, it might be a
>> good idea for Microsoft or someone else to step in and put in a higher
>> bid. Electronic Arts is already too large and this whole takeover would
>> leave the gaming industry with a situation similar to that of cinema
>> (where movies basically come from a handful of American studios that
>> have no ability to create anything original and independent movies are
>> virtually ignored and seldom cast into the spotlight).
>
> WTF? Do you remember what MS sports were like?
Rivals was way better than Faceoff for the LG consoles. >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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Since: Nov 22, 2007
Posts: 206
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(Msg. 11) Posted: Mon Feb 25, 2008 8:55 am
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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On Feb 25, 10:31 am, "boodybandit" <allaboutga... DeleteThis @comcast.net> wrote:
> <richardhut... DeleteThis @gmail.com> wrote in message
>
> news:1a125116-2f7f-4977-a6ba-da50a7c27452@u69g2000hse.googlegroups.com...
>
>
>
> > On Feb 24, 8:06 pm, "boodybandit" <allaboutga... DeleteThis @comcast.net> wrote:
> >> "Mattinglyfan" <kyler_... DeleteThis @hotmail.com> wrote in message
>
> >>news:lNmdnZoQpJ0CjF_anZ2dnUVZ_rGhnZ2d@comcast.com...
>
> >> > "Mark McNulty" <MarkMcNu... DeleteThis @comcast.net> wrote in message
> >> >news:H--dncKt_cQwRlzanZ2dnUVZ_sytnZ2d@comcast.com...
> >> >> Geez, and the letter doesn't even say "Yes, and your sports titles
> >> >> will
> >> >> die a horrible death!"
>
> >> > Hmm.... Lets think about this. If Take 2 Makes a superior basketball
> >> > game
> >> > to EA and a comparable American Football game and a pretty decent
> >> > basketball game, why would THEIR sports titles die a horrible death?
>
> >> Yup. Can you imagine 2K Basketball with EA's graphics?
>
> > EA would take the worst of both worlds.
>
> They don't with football and hockey. EA's hockey game needs nothing from 2K.
> They far and away have the absolute best puck game ever made.
The fact that they have competition means that they work harder. Has
Madden gotten better since EA doesn't have any competition in the
football arena?
- Rich >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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Since: Feb 24, 2008
Posts: 25
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(Msg. 12) Posted: Mon Feb 25, 2008 9:27 am
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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Mattinglyfan wrote:
> On Feb 24, 8:31 pm, Andre Matuch <n....DeleteThis@spam.com> wrote:
>> AirRaid wrote:
>>> Electronic Arts Proposes to Acquire Take-Two Interactive Software for
>>> $26 Per Share in Cash, or Approximately $2.0 Billion
>>> Sunday February 24, 2:00 pm ET
>>> Proposal Represents 64 Percent Premium to Take-Two's February 15th
>>> Closing Price and 63 Percent Premium to Take-Two's Closing Price Over
>>> the Previous 30 Days
>>> REDWOOD CITY, Calif.--(BUSINESS WIRE)--Electronic Arts Inc. today
>>> announced that it has proposed to acquire Take-Two Interactive
>>> Software, Inc. in an all-cash merger valued at approximately $2.0
>>> billion.
>>> EA's proposal of $26 per share in cash represents a premium of 64
>>> percent over Take-Two's closing stock price on Feb. 15th, the last
>>> trading day before EA sent its revised proposal to Take-Two, and a 63
>>> percent premium over Take-Two's 30-day trailing average price over the
>>> thirty trading days ending on that date.
>>> EA's proposal was contained in a letter sent on Feb. 19th by EA Chief
>>> Executive Officer John Riccitiello to Strauss Zelnick, Executive
>>> Chairman of the Board of Directors of Take-Two. The Take-Two Board's
>>> subsequent rejection of the EA proposal led to EA's decision to
>>> release the letter and bring its proposal to the attention of all Take-
>>> Two shareholders.
>>> Mr. Riccitiello said today: "Our all-cash proposal is a unique
>>> opportunity for Take-Two shareholders to realize immediate value at a
>>> substantial premium, while creating long-term value for EA
>>> shareholders. Take-Two's game designers would also benefit from EA's
>>> financial resources, stable, game-focused management team, and strong
>>> global publishing capabilities."
>>> The EA letter warned that further Take-Two delay in accepting EA's
>>> proposal could prevent Take-Two's shareholders and other constituents
>>> from realizing its benefits. "There can be no certainty that in the
>>> future EA or any other buyer would pay the same high premium we are
>>> offering today," Mr. Riccitiello wrote. The letter added that timely
>>> completion of the proposed transaction would allow EA's strong
>>> publishing and distribution network to positively impact the ongoing
>>> post-launch sales of GTA IV and support the new Take-Two titles
>>> scheduled for launch later in the year and during the holiday selling
>>> season.
>>> As noted in EA's Feb. 19th letter, EA's proposal is not conditioned on
>>> any financing requirement. It is, however, subject to certain
>>> customary conditions as set forth in the letter. EA's $26 per share
>>> proposal is based on the current equity capitalization of Take-Two.
>>> Although EA indicated in the letter that its proposal was subject to
>>> negotiations commencing by Feb. 22nd, EA intends to keep its proposal
>>> open for the present to give Take-Two's shareholders and Board of
>>> Directors further time to consider it.
>>> (the rest here)
>>> http://biz.yahoo.com/bw/080224/20080224005062.html?.v=1
>> I'm one of a very small number of people that prefers the 2K sports
>> games to the EA ones. Being from Montreal, the only sports games that
>> matter to me involve hockey and I can honestly say that I have steadily
>> preferred teh NHL 2K series to the NHL 0 series for a while now. If this
>> happens, I will literally be very pissed.
>>
>> Honestly, I think that if this deal has not yet happened, it might be a
>> good idea for Microsoft or someone else to step in and put in a higher
>> bid. Electronic Arts is already too large and this whole takeover would
>> leave the gaming industry with a situation similar to that of cinema
>> (where movies basically come from a handful of American studios that
>> have no ability to create anything original and independent movies are
>> virtually ignored and seldom cast into the spotlight).
>
> WTF? Do you remember what MS sports were like?
I do, but they were starting from scratch whereas 2K Sports are already
established. >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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External
Since: Apr 30, 2007
Posts: 63
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(Msg. 13) Posted: Mon Feb 25, 2008 10:22 am
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
|
|
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On Feb 25, 11:55 am, richardhut... RemoveThis @gmail.com wrote:
> On Feb 25, 10:31 am, "boodybandit" <allaboutga... RemoveThis @comcast.net> wrote:
>
>
>
>
>
> > <richardhut... RemoveThis @gmail.com> wrote in message
>
> >news:1a125116-2f7f-4977-a6ba-da50a7c27452@u69g2000hse.googlegroups.com...
>
> > > On Feb 24, 8:06 pm, "boodybandit" <allaboutga... RemoveThis @comcast.net> wrote:
> > >> "Mattinglyfan" <kyler_... RemoveThis @hotmail.com> wrote in message
>
> > >>news:lNmdnZoQpJ0CjF_anZ2dnUVZ_rGhnZ2d@comcast.com...
>
> > >> > "Mark McNulty" <MarkMcNu... RemoveThis @comcast.net> wrote in message
> > >> >news:H--dncKt_cQwRlzanZ2dnUVZ_sytnZ2d@comcast.com...
> > >> >> Geez, and the letter doesn't even say "Yes, and your sports titles
> > >> >> will
> > >> >> die a horrible death!"
>
> > >> > Hmm.... Lets think about this. If Take 2 Makes a superior basketball
> > >> > game
> > >> > to EA and a comparable American Football game and a pretty decent
> > >> > basketball game, why would THEIR sports titles die a horrible death?
>
> > >> Yup. Can you imagine 2K Basketball with EA's graphics?
>
> > > EA would take the worst of both worlds.
>
> > They don't with football and hockey. EA's hockey game needs nothing from 2K.
> > They far and away have the absolute best puck game ever made.
>
> The fact that they have competition means that they work harder. Has
> Madden gotten better since EA doesn't have any competition in the
> football arena?
Review-wise I believe it's been getting worse. Part of that though is
I think the sports genre has been played out in this age of realistic
graphics. Now that everything looks so real, there isn't much more you
can do to improve the games from year to year, so I think the games
have grown stale to reviewers. >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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External
Since: Apr 17, 2007
Posts: 1050
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(Msg. 14) Posted: Mon Feb 25, 2008 10:31 am
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software for about $2 Billion [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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<richardhutnik.TakeThisOut@gmail.com> wrote in message
news:1a125116-2f7f-4977-a6ba-da50a7c27452@u69g2000hse.googlegroups.com...
> On Feb 24, 8:06 pm, "boodybandit" <allaboutga....TakeThisOut@comcast.net> wrote:
>> "Mattinglyfan" <kyler_....TakeThisOut@hotmail.com> wrote in message
>>
>> news:lNmdnZoQpJ0CjF_anZ2dnUVZ_rGhnZ2d@comcast.com...
>>
>>
>>
>> > "Mark McNulty" <MarkMcNu....TakeThisOut@comcast.net> wrote in message
>> >news:H--dncKt_cQwRlzanZ2dnUVZ_sytnZ2d@comcast.com...
>> >> Geez, and the letter doesn't even say "Yes, and your sports titles
>> >> will
>> >> die a horrible death!"
>>
>> > Hmm.... Lets think about this. If Take 2 Makes a superior basketball
>> > game
>> > to EA and a comparable American Football game and a pretty decent
>> > basketball game, why would THEIR sports titles die a horrible death?
>>
>> Yup. Can you imagine 2K Basketball with EA's graphics?
>
> EA would take the worst of both worlds.
They don't with football and hockey. EA's hockey game needs nothing from 2K.
They far and away have the absolute best puck game ever made. >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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External
Since: Dec 04, 2007
Posts: 9
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(Msg. 15) Posted: Mon Feb 25, 2008 11:42 am
Post subject: Re: Electronic Arts Proposes to Acquire Take-Two Interactive Software for about $2 Billion [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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|
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"Mark McNulty" <MarkMcNulty.TakeThisOut@comcast.net> wrote in message
news:H--dncKt_cQwRlzanZ2dnUVZ_sytnZ2d@comcast.com...
> Geez, and the letter doesn't even say "Yes, and your sports titles will
> die a horrible death!"
>
> In all seriousness though, this would indeed be a sad day for all sports
> gamers if this deal happens. EA will own sports in Video gaming and with
> no more competition, well...nuff said. I have been around long enough to
> understand why mergers like these happen but I just hope that someone else
> in the other large corporations realizes what giving EA Take 2 really
> means not just for gamers but for their own pocket books.
OOOH! Big corporation wants to make money. That must be BAD! >> Stay informed about: Electronic Arts Proposes to Acquire Take-Two Interactive S.. |
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