EA makes all cash tender offer to purchase Take-Two
Barring extension, the tender offer is good until midnight EST on Friday, April 11, 2008. EA CEO John Riccitiello described the offer as "a great opportunity for Take-Two shareholders" and as a a way to "maximize the value" of their investment. "For EA shareholders, the combination would add additional intellectual properties to our already strong portfolio and welcome Take-Two's talented creative teams to the great development organization we've built at EA," he concluded.
Will shareholders deem this offer welcomed financial assistance or unwanted financial insistence? We'll have to wait and see.
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(Page 1) Reader Comments
Vive la Resistance!
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horrible.
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No one likes you.
Sincerely,
Gamers Every Where
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except for Bioware and Pandemic, they're Ok.
xoxo
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LEAVE TAKETWO ALONE!!!!!!!!!!!! T_T
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TBH, I really hope this doesn't happen. I mean, I don't play any sports games, but lack of competition = bad.
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He makes Riccitiello look like a genius.
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Honestly I'm a 360 fanboy...but this goes beyond fanboyism...
EA is not good for gamers as a whole and if this happens I truly fear for the industry as a whole. I hope T2 shareholders resist this crap...
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EA will have acquired Take Two soon enough.
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If all this mess doesn't show that EA cares nothing about games or gamers, and only cares about profits, shareholders, and it's dream of a games industry monopoly then I don't know what does.
Notice how through all of this they haven't once mentioned any reasons outside of financial/shareholders/profits/etc. as to why they want to buy Take-Two. Haven't even TRIED to act like "oh...ummm... yeah this will be good for the industry and gamers... or something" at all. NOTHING.
Some other big publisher please come save us. ANYONE except EA. Hell, I would even be okay with Midway or Ubisoft. :P
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http://www.joystiq.com/2008/02/08/dice-08-riccitiello-warns-against-consolidation-says-ea-blew/
Apparently he was just messing with our minds....
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