Pachter: EA will raise Take-Two bid, it'll get rejected, merger will still happen
Pachter expects EA wants this deal done before this holiday, but that Take-Two management has an incentive to wait until after April 1, 2009, due to some stock finagling (remember, in the end, this is all about money). When all is said and done, though, Pachter believes EA will acquire Take-Two. He expects once EA walks away from the table after the next rejection, and it proves there are no other bidders salivating for Take-Two, that all parties will meet again and work something out.
Reader Comments (Page 1 of 1)
Elsnerma @ Jun 7th 2008 3:37PM
Would it have killed you to have made the EA logo yellow and shopped a "Waka waka waka waka waka" in there?
BPM [MKWii: 2578 3585 8392] @ Jun 8th 2008 1:27AM
BPM delivers:
http://img.photobucket.com/albums/v348/BPMdotEXE/Random/EA-Man.png
voodoo_craig @ Jun 7th 2008 3:52PM
Ah crap, this is not good news. Pachters one of the more reliable analysts, it almost seems inevitable now.....
Sircolby45 @ Jun 7th 2008 4:13PM
I hope that was sarcasm lol.
Sora267 @ Jun 7th 2008 5:55PM
Pachter's one of the more reliable analysts, but he's wrong more often than he's right.
voodoo_craig @ Jun 7th 2008 6:06PM
Actually he's right more often than he's wrong:
http://www.joystiq.com/2008/02/18/how-accurate-are-your-favorite-video-game-analysts/
Thing is though, I think we all know this is going to happen sooner or later, Pachter's just up to his classic act of stating the bleeding obvious. Shareholders invest in a company to make money, with GTAIV having come and gone with little efect on stock price (it was already buoyed on expectations) they're going to be looking at cashing in on the investment.
Personally I'd imagine they'll wait around until they see some dividends from the sales of GTA and then cash in their shares because their going to be looking to maximise their gains from this.
Don't get me wrong, I don't want this to happen, I think it'll be an awful moment for gaming when it does but I can't see anythin getting in the way of it in the long run.
Besides, at least it's not Activision!
DanB91 @ Jun 8th 2008 11:47AM
Activision is worse than EA??? At least Activision makes good games (GH and CoD). EA just makes crap. Either way I would like T2 to stay by themselves. Damn industry is consolidating too much.
EihBeir @ Jun 7th 2008 4:14PM
Reader: Pachter will continue to talk, be wrong most of the time (except when he's given an intentional leak about a $20 console price drop), bloggers will continue to post his ramblings as if they're relevant.
kataztrophy @ Jun 7th 2008 4:16PM
Patcher seems to be stating the obvious on this issue. I'm really gonna miss 2k sports.
noskillbassist @ Jun 7th 2008 4:16PM
I wanna be this guy. I wanna get paid to be consistantly wrong.
caramelzappa @ Jun 7th 2008 4:17PM
I'm sick of posts about what Analysts think. I don't care what they think unless they have a real source. Otherwise, they don't know what they're talking about.
Jhongerkong @ Jun 7th 2008 4:30PM
Man, being an analyst must be the easiest job in the world. Check this out:
-Sony to release 120gb PS3
-Nintendo to announce HDD at E3
-Tetris Attack is still the best game ever
Where's my check?
Luke @ Jun 8th 2008 5:04AM
It's in the mail.
Microswirl (MKWii:1676- 4270-3674) @ Jun 8th 2008 3:50PM
Oh sure, Pachter's job is sooooo easy anybody could do it. Tell ya what, go for it: be an analyst. Do you know how to read the stock market? Do you have access to FTC reports? Well, you COULD get on a conference call with John Riccitiello and/or Strauss Zelnick... if you had their phone numbers, but you don't.
So, do you know what's involved in a hostile takeover? Do you know what's going through the minds of the CEOs and investors on both sides? What have been the roadblocks preventing this takeover from occurring sooner? The fact is, if you're able answer any of these questions it's only because the information was GIVEN to you by a blog, and that information was given to them by another blog, who recieved the information from an analyst. An analyst like Michael Pachter.
YOU didn't do any research, HE did. You didn't talk to people in the industry to obtain information weeks or months before it became public knowledge. No, all you did was read this story and you think you know everything, but you don't know anything. Leave it up to the professionals.
Jhongerkong @ Jun 8th 2008 3:52PM
You take things too seriously.
Microswirl (MKWii:1676- 4270-3674) @ Jun 8th 2008 10:11PM
I've been letting that one build up for a while. It's directed partially at your comment, but mostly it's for all the other internet matlocks out there who think Pachter is just some idiot who makes stuff up. I mean, there IS actual research going on here, it's not just guess-work.
mike @ Jun 7th 2008 4:31PM
Help Hummingbird attack.
And M patcher is wrong 95% of the time. Stop posting what this clown has to say. Its bad enough he still has a job, at least save us the displeasure of listening to his broken 8-ball predictions.
I still remember Patchers "GTA4 will be delayed until october 2009." ramblings
John McPoop (PSN:johnnynumber5) @ Jun 7th 2008 6:39PM
your an idiot!
He is right more than 50% of the time ... His word is better than a coinflip
WilsonGoneWild @ Jun 7th 2008 4:32PM
What if Take Two doesn't want to be bought? Some companies like to be independent and not under someone else's wing. I hate this system that we have that allows a company to bully another one to merge with it just because it has more money. Sometimes it's the principle vs. money; some founders/owners don't want to sell out.
MinorHavoc @ Jun 7th 2008 5:13PM
If your company wants to partake in that giant cash pool available to public corporations (i.e. issuing stock), then your company opens itself to being taken over, especially if you issue more than 50% to the public. If you don't want to be taken over, stay private and forgo the cash.
That being said, most companies have no problems with being taken over at the right price--it's all about money, as the article says.
Joe @ Jun 7th 2008 5:03PM
I so want to see Sony put in a nice bid. I would love to see them buy Take Two out.
Also I would think EA would be better to go after Sega seeing as Sega is not doing well right now Sega has a lot of great IPs that are not being used right now.
voodoo_craig @ Jun 7th 2008 5:25PM
Sega? yeah they have some good IPs but the majority of their studios are piss poor. Buying a company of Sega's size purely for it's IPs makes no financial sense at all.
For the amount of money it would take to buy Sega they could create reams of new games and franchises and probably be a lot more successful with them.
GrigoriRasputin @ Jun 7th 2008 5:06PM
This is sad but who knows.For what ive seen lately EA does seem to be changing in a good way,only recent activity that has been kinda douche was the chargeing of weapons in BF.BC.And the games produced have been pretty good in my opinion take for example Skate C&C tiberium wars/the kanes wraith/And of course Crysis.So just do a couple Hail maries and we might get lucky and play another GOOD gta5
Nick the Hero of Canton @ Jun 7th 2008 5:13PM
EA reminds me of Hillary Clinton.
Further explanation not necessary.
BigD145 @ Jun 7th 2008 5:54PM
No, I think it is necessary. EA will never step down and support T2 as an independent company. Hillary has done so with Barack. Take your 'reminders' elsewhere.
John McPoop (PSN:johnnynumber5) @ Jun 7th 2008 6:42PM
bid d just bitched slapped nick the retard
Nick the Hero of Canton @ Jun 7th 2008 6:43PM
It was a joke. Don't be an ass.
Gnawkz @ Jun 8th 2008 12:42AM
But in the end this is still a prediction. It might have been blind luck and he just happens to make the more correct guess ... 6 out of 10 times.
In the end, to seriously look at whether or not his comments holds merit, we need to analyze how many of his comments have so far been true about the merge ... and in this case NONE.