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Posts tagged zelnick

EA makes all cash tender offer to purchase Take-Two

With Take-Two Executive Chairman Strauss Zelnick having thoroughly rejected EA's initial buyout offer, the Madden and Burnout publisher has redirected its corporate Katamari at Take-Two shareholders. EA has announced the commencement of a tender offer for all of the currently outstanding shares of...

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Take-Two hit with shareholder lawsuit, creates severance plan for employees

Take-Two is not only fighting off an EA takeover now, but also a shareholder lawsuit alleging the company's management hid the EA buyout to enrich their own bank accounts. The suit lays out that days after Take-Two received the buyout offer from EA, the management approved a significant increase...

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EA rejects 'impossible' collaboration with Jack Thompson

No thanks, we don't need Jack. So says publisher EA, having rejected Florida's attorney at lawl, Jack Thompson, and his recent offer to assist in the attempted buyout of Grand Theft Auto publisher, Take-Two. In an impassioned letter, the spirited lawyer and friend of Mass Effect threw his support...

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Take-Two's Zelnick reiterates rejection of EA buyout

Take-Two Executive Chairman Strauss Zelnick continues to hold the line against EA's buyout offer, repeating once again the company still isn't interested. In a Q&A with The Hollywood Report, Zelnick believes that consolidation is likely to continue in the industry, but he would like Take-Two...

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Take-Two rejects EA acquisition proposal [update 1]

Apparently, it didn't take them very long to consider Electronic Arts' somewhat hostile buyout proposal -- Take-Two's Board of Directors just responded to the offer with a press release of their own, stating that EA CEO John Riccitiello's proposal was "inadequate in multiple respects and not in...

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Take-Two hesitant to pin down GTA IV release date

We wish we had large friendly letters in our font arsenal that said "Don't Panic," but we don't. Gamers (and many publishers) took relief in knowing Grand Theft Auto IV was delayed and not entering this already over-stuffed holiday game release schedule. Although now, Take-Two chairman Strauss...

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Jack Thompson and Take-Two have secret meeting

GamePolitics is reporting that Take-Two Chairman Strauss Zelnick and Jack Thompson recently had a rendezvous in New York. There are very few details on what actually occurred at the meeting. All that GP knows is Zelnick asked for the meeting and Thompson acknowledged that it occurred. If you're...

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