Take-Two finds no buyers, to face shareholders Thursday

by Ross Miller { Mar 27th 2007 at 5:10PM }

After postponing a shareholder meeting so as to court potential buyers, publisher Take-Two has announced that no deal has been made and the company will proceed with the shareholder meeting Thursday without any company interested in purchasing the controversy-laden publisher.

How bad will the meeting be for Take Two? Game Politics predicts that several major stockholders are planning to revolt, CEO Paul Eibeler will be ousted from his position and "T2-hatin' shareholder Jack 'RICO' Thompson may gain access to the microphone and spew his particular brand of vitriol at Eibeler and Take Two management."

Here's a plan: seeing as Thursday's event will be extremely entertaining, why not sell tickets to the event or broadcast the meeting, with advertising, on the internet? There's no perceivable way that the publisher will have an optimistic outcome, so they might as well monetize the entertaining disaster.

Tags: jack thompson, JackThompson, take 2, take two, Take2, TakeTwo

Reader Comments (Page 1 of 1)

TDizzle @ Mar 27th 2007 5:14PM

Who cares if T2 cant find a buyer.... GTAIV trailer on thursday w000t

Jay @ Mar 27th 2007 5:23PM

Now that would make for some interesting television.

One of the few times during the course of a year in which I might find a reason to watch G4.

Mr Khan @ Mar 27th 2007 5:42PM

This sounds wierd

You'd think that other publishers would be all over their properties, there's no way a better-managed company couldn't take those hot IPs and make mad profit$ off of them

Something smells rotten in Denmark...

JonnyBoy2U @ Mar 27th 2007 6:10PM

I heard the company is having financial problems? Is that true or is that another company? Rockstar maybe? Either way thats another reason to make GTA a true multiplayer game. The bigger the potential market the bigger the revenue for them. Thats why I'd love this game to be on the Wii.

Patrick @ Mar 27th 2007 7:10PM

ms please buy them, gta exclusivity awwwwwww, really stick it in sony's face

elmer @ Mar 27th 2007 7:42PM

If i were a good strategist at Microsoft or Sony (I don't think a merger/acquisition would particularly benefit Nintendo) then I'd wait until they go into liquidation or get into real trouble.

Then I'd simply buy Rockstar at a rock bottom price when they're forced to sell their last useful properties off. Lower price, Less chaff.

RoboChocobo @ Mar 27th 2007 10:59PM

Maybe now Bungie can finally buy back Myth and Oni, and screw Gametap and Take 2.

Jeff @ Mar 27th 2007 11:04PM

"You'd think that other publishers would be all over their properties, there's no way a better-managed company couldn't take those hot IPs and make mad profit$ off of them"

Any company that takes over T2 takes over all their problems as well.

You don't just get the good parts. Somebody needs to settle those options cases, somebody needs to pay all those outstanding contracts (even the bad ones), somebody needs to deal with all those lawsuits winding their way through the courts.

Obviously, given the ROI, nobody thinks the whole package is worth it.

T2 wasn't talking about selling the GTA series. That'd be idiotic. They were talking about selling the whole company. Like anything else in life, any buyer's going to first ask "why are you selling?" In T2's case, the reasons they're selling are the same reasons no buyer is interested in buying. If T2 is so desperate to unload themselves, why would another company want to own them?

swishin13 @ Mar 28th 2007 7:25PM

It does in fact appear T-2 is brodcasting their shareholders meeting. It is only audio but should be somewhat interesting nonetheless. Espicially with the prospect of some crazy guy ranting about how damaging a basketball player dunking on NBA 2k7 is to childrens' health. Who knows he might even critizie MLB 2k7 for having a deadly weapon in the game.

What? A bat, in a baseball game? This outrageous, what for this needs to be prevented from being released.