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Reader Comments (22)

Posted: Sep 15th 2008 12:04PM Gir said

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Haha...take that!!
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Posted: Sep 15th 2008 1:55PM (Unverified) said

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LMFAO.
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Posted: Sep 16th 2008 1:45AM KarlW said

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Do you get the stock market at all? If EA says they're going to buy the company for X, the share price jumps to make the company worth X. If you buy it at lower, you're guaranteed to make money when the deal goes through. If you buy it for more, you're guaranteed to lose money (unless you're buying a massive amount because you're actually mounting your own hostile takeover).

Now, since the deal has fallen through, the share price can settle back to what it was. It may suffer a small dip because some investors from outside this area hoped to make a quick buck and now just want to sell. This is entirely expected and has happened after almost all failed takeovers in history, in any industry.
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Posted: Sep 15th 2008 12:09PM BigD145 said

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See what you did, EA. You've cheapened another name. Does your taint know no end? At least EA is also getting hit considering they own some of that stock.
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Posted: Sep 15th 2008 12:12PM (Unverified) said

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i was going to put my daughter to college with my take 2 stock.... it was a nice dream while it lasted
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Posted: Sep 15th 2008 12:17PM Lone Starr said

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Wow, how much do you own? You might want to diversify, lol.
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Posted: Sep 15th 2008 9:56PM YpoCaramel said

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Personally I feel Take Two will produce more value in the long run without the takeover.
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Posted: Sep 15th 2008 12:22PM (Unverified) said

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Or you might want to buy now and hold on. The price will go back up.. just wait and see.
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Posted: Sep 15th 2008 12:23PM Vidikron said

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Ouch... I bet quite a few people holding on the T2 stock hoping for a price jump if the buyout went through just got burned big time.
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Posted: Sep 15th 2008 12:31PM Gaucho85 said

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See, That goes to show that pulling out is a bad idea.
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Posted: Sep 15th 2008 1:12PM Inquisitor Glokta said

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That's what she said.
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Posted: Sep 15th 2008 1:18PM Gaucho85 said

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OOOHH snap, crackle and pop. we just totally Pwnasuarus rexed that headline!
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Posted: Sep 15th 2008 12:43PM (Unverified) said

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I think all stocks are kinda droping ATM.
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Posted: Sep 15th 2008 12:51PM aristokrat said

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Regardless of what you think of EA, if the stock price doesn't bounce back soon (or they don't get a higher bid), then Zelnick has failed the stockholders by not maximizing their gains. Were I a T2 stock holder, I'd be fairly unhappy right now as EA is the most money-flush of potential suitors, and who's to think that Ubisoft has cooled on T2 as well (they'll see the same things EA did if they attempt a merger, and they don't have nearly the incentive, like quashing all other sports game competitors). If anyone was going to overpay, it was going to be EA, so I think T2 just lost out big (from a financial prospective).
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Posted: Sep 15th 2008 1:14PM (Unverified) said

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Thank God!! A company spared from EA's marginalization and stupid DRM insanity.
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Posted: Sep 15th 2008 1:23PM Joanna D said

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I bet all those idiot shareholders that listened to Zelnick are kicking themselves at the thought that they could have had $10 more than the stock is currently worth.
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Posted: Sep 15th 2008 1:34PM mirage said

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I am no financial expert here, but could EA swoop in now and buy up the stock for this now bargain?
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Posted: Sep 15th 2008 2:12PM LaughingTarget said

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This would give EA extra leverage. T2 has nothing on the horizon that could count as a share bolstering device. They are mostly a one property publisher (GTA). This isn't a stock that's going to miraculously rebound, this is likely its real value. Stock prices are usually valued between real values and the proposed buyout value and only increase to actual buyout price when the deal is finalized.
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Posted: Sep 15th 2008 1:43PM (Unverified) said

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As long as Take Two allies themselves with someone who won't screw with Midnight Club, it's all good.
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Posted: Sep 15th 2008 2:14PM (Unverified) said

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All stocks are tanking now. I'd find it hard to imagine a company that's so back-backloaded as a videogame developer (that is, they incur a substantial debt at first with the payoff later when the game releases) not having some ties in the financial markets to keep themselves flush with cash during the longer dev cycles. These agreements likely included Lehman Bros. and Merrill Lynch. These two banks failing will cause large problems for every publicly traded company.
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Posted: Sep 15th 2008 2:15PM (Unverified) said

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Bah, that's back-loaded, not back-backloaded. I need to master my spellcheck.
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