EA extends Take-Two purchase offer deadline a third time

3 time's the charm .. then 4 .. 5 ..

Wow, they just can't take a hint, can they? After how many times can Take Two put out a restraining order against EA?

::sigh::

damnit ....

$25.74 even though TTWO is currently trading at $26.80.

EA: I'll give you $25.74 a share for your stock.

T2 Shareholder: Uh, I can get more than that selling it right now on the open market.

EA: I'm very important. Sell to me for $25.74 a share.

T2 Shareholder: If I'm not willing to sell for more than $26 on the exchange, why would I sell for less than $26 to you?

EA: I'm not fucking around anymore. You sell to me by May 16th, or this offer is off the table!

T2 Shareholder: OK

EA: ...

EA: You sell to me by June 16th, or this offer is off the table!

I'm so sick of EA news. No one cares, EA sucks, why do you even post their news? We really don't want to read about it - we don't buy their games, we don't play their games, we don't want to read their news. If they want to ruin the world more with buying other companies then I don't care about those companies anymore either.

Curious, I wonder who would play the "Carl Icahn" in this if EA walks from this.

Like it or not gamers, this is a business and if the stock significantly drops due to EA walking away, there will be heads that will roll over it. The people who actually own stock wants to make a profit. Plan and simple. If all these "gamers" who are against the "evil empire" controlling the company need to either buy some stock to keep it from EA and take the lost or they need to honestly STFU.

I am just saying...

All EA has to do is get shares, even if it means at a trickle pace. I'm sure they'd prefer to get them in a huge chunk like when they bought into Ubisoft, but 8% of shares is still more than when they started.

Maybe if T2 gift wrapped the hint EA would take it this time?

well again, EA already knows that Take Two considers the bid hostile. So they might as well appeal to the wallets of the shareholders. EA isn't stupid, the stock price jumped as soon as they announced a bid, so there's a large amount of shareholders that are in it to sell for money rather than some noble cause to keep TT independent, EA just has to pony up the right amount.

Judging by the pic,

Omm nom nom, not so much...yet :(

(Jaws music)

T2: EA is perverted mummy! Hes stalking me!

T2 Mum: Just keep walking honey, don't look back

EA: Ima coming, Ima gunna find ya!

You EA folks are some seriously dumb bastards.

Here's how it works, large TTWO stock holders have hundreds of thousands or millions of shares. If they tried to sell all their stock at market ($27), they would only make the price drop like crazy (they'd have to sell in many chunks, not all shares at once). EA would guarantee $25.74 for *all* of their shares. Also recall that TTWOs stock was $15 before all this, the price is basically inflated. If EA would have gave up on the buyout today, the stock would have gone back to $15 in a few weeks.

well, i think it's safe to say i'm sick of this saga. i wish someone would give EA a deadline. and break them up into millions of little pieces.

Lesson of the day: When wooing a woman, don't forgo the dozen roses for a pack of condoms!

love the pic