EA amends Take-Two tender offer, extends deadline
by Ludwig Kietzmann 
{ Mar 28th 2008 at 9:00AM }
EA also noted that it had extended said offer to 11:59PM New York City time on April 18th, 2008. The previous deadline was set for April 11th, though as of 5PM EST on Thursday, 27 March, "approximately 5,000 shares of Take-Two had been tendered in and not withdrawn from the tender offer."
"The actions of the Take-Two Board may increase the risk for their stockholders by delaying a potential transaction," said Owen Mahoney, EA's senior VP of corporate development, no doubt whilst tapping on his diamond-encrusted wristwatch. "We continue to believe that our $26.00 per share offer price is full and fair, and that a transaction between Take-Two and EA is the most compelling combination financially, strategically and operationally for all parties."
Reader Comments (Page 1 of 1)
Hardcore @ Mar 28th 2008 9:30AM
If GTA IV fell in their hands, we are gonna be fucked up by their microtransactions just like what they do to every title
Jerk Face @ Mar 28th 2008 9:32AM
In Soviet Russia, deadlines extend YOU.
Kassu @ Mar 28th 2008 9:43AM
I think Nazi Germany would be more suitable for a comparsion with EA.
James @ Mar 28th 2008 10:23AM
I would compare them more to a young Merlin Olsen.
copa @ Mar 28th 2008 9:46AM
"EA also noted that it had extended said offer to April 18th, 2008"
If EA felt this was a fair offer, they would leave it on the table for the first week that GTA4 hits retail.
Brian Jarrett @ Mar 28th 2008 10:31AM
As great as GTA may be it's not going to increase the value of the company as much as T2 thinks it will.
This deal is extremely likely to go through regardless. Over half of the shareholders sold their stock with EA's tender offer. At most there will be a 1-2 dollar increase on T2's stock price.
I personally think the deal is perfect for the two. Greed meets greed.
madshafter @ Mar 28th 2008 9:50AM
EA is going to destroy video games as we know it. Mario save us all.
OhJustSomeRandomGuy @ Mar 28th 2008 1:45PM
Somehow, I don't see the guy re-releasing copies of all his old games becoming a savior. Maybe if he didn't do that AND star in a bunch of crappy licensed mini-games like Mario Tennis, Mario & Sonic at the Olympics, Mario Kart 2008, etc, etc. he would be somewhere on the list of possible saviors.
Unfortunately, that's not the case at all.
Curtis the Claw: Brawl Code 1075-0441-3284 @ Mar 28th 2008 2:16PM
"a bunch of crappy licensed mini-games like Mario Tennis, Mario & Sonic at the Olympics, Mario Kart 2008,"
Strange, I wasn't aware that Mario Tennis and Mario Kart were mini-games...
ThePremierAssassin @ Mar 28th 2008 9:56AM
Wow its quite scary how desperate EA is...
If they're THAT determined to get it whos to say it won't happen?
I don't want it to happen but a huge corp like that eventually will throw enough money to swade even the most hardcore shareholders...
On another note this is the very first post by Ludwig that I found funny..."in cold blood"...classic.
ThePremierAssassin @ Mar 28th 2008 9:59AM
Oops I got that line confused with the story on GTAIV...
Still a good post though.
peacebyanymeans (AKA: Moorio) @ Mar 28th 2008 9:57AM
Oh Geez, I didn't see this coming.
...and by "didn't see" I mean "totally fucking saw".
Jonah Falcon @ Mar 28th 2008 10:48AM
EA: "Pleez let uz eat yoo. We needz teh monee of Gee Tee Ay Fowr."
Xeronius @ Mar 28th 2008 10:49AM
"We continue to believe that our $26.00 per share offer price is full and fair, and that a transaction between Take-Two and EA is the most compelling combination financially, strategically and operationally for all parties."
So, should all parties be editted here to 'EA, exclusively."?
kagai @ Mar 28th 2008 12:09PM
EA is like some flashy gigolo that thinks his penis is an orgasm machine, but is actually a death stick that kills everything it boofoos.
Tone @ Mar 28th 2008 12:27PM
FU EA
JusticeCourtland @ Mar 28th 2008 1:41PM
Fight the power!
caramelzappa @ Mar 28th 2008 2:22PM
The shareholders need to just read sites like Joystiq and Kotaku to see that the gamers don't want EA owning Take Two. The customers are the ones who will decide if EA's move is a good idea, and it clearly isn't.
Ghaleon @ Mar 28th 2008 2:22PM
Gamers, please stop giving EA your money.
Curtis the Claw: Brawl Code 1075-0441-3284 @ Mar 28th 2008 2:58PM
Even if every gamer that read Joystiq suddenly stopped buying EA games I doubt it would really effect them.
Jonah Falcon @ Mar 28th 2008 3:26PM
I'm still buying Spore, because Wright can do whatever he likes, and tells EA to fuck off if they try to suggest things he doesn't want.
Deck @ Mar 28th 2008 9:38PM
EA just needs to stop and give up!
Hoopin4theHeart @ Mar 30th 2008 12:40PM
i posted a comment awhile back about boycotting ea games (ALL OF THEM), nine times out of ten they are rehashed bull shit .5 iterations of the last game.
they are buying out all of the truly great companysin the video game buisness, soon the gaming bizz will be like the music bizz and we can all see wha has happend to them, so i beg and stress that if take tow has to be bought will either you Microsoft, Sony please pony up the bucks and save our industry?
so it is with a whole and heavy heart, i say to ea FUCK YOU, i dont buy your games anyway!!! you guys are bitches and id like to extend an mma challenge to any of you stupid fucks... live n tv (free tv, not ppv you fucks) just let me know...Teenagegraffiti.com
GameAndStock @ Apr 14th 2008 2:41PM
As a shareholder of TTWO and a gamer, I'm in a conundrum here. On principle, I don't want EA buying out Take Two, but the stock has been very volatile, historically, and if this deal falls apart it could plummet back to 12 dollars a share, where it was when I bought. Anyone else in this pickle?