Quick Jump Daily Digest

Thank you for your interest in the Quick Jump Daily Digest. Get notified of all new content on QJ in our free Daily Digest. To subscribe, enter your email address below and click the subscribe button.


Email Address:


Email will come from "donotreply@caputomedia.com". Please whitelist this email address.

Cancel and Return to page

No dice: Take-Two execs slam EA's fifth buyout offer

Posted Jul 22, 2008 at 11:25PM EST by QJ Staff

Listed in: News, Titles Tags: Electronic Arts, Take-Two Interactive
Ó

No dice: Take-Two execs slam EA's fifth buyout offer - Image 1Take-Two Interactive has sent word that Electronic Arts has once again extended its buyout offer in light of the unsatisfactory number of company shares that were tendered by the previous deadline. This makes it the fifth time that EA has extended its deadline for the parent company of the studio that developed Grand Theft Auto 4 (Xbox 360, PS3).

EA further indicates that only 11,741,339 of T2's outstanding shares were tendered by the previous deadline, which accounts for roughly 15 percent of the latter company's shares by last July 18. In line with this announcement, T2 chairman Strauss Zelnick states that the company's board was committed to maintaining its stockholder value, and that they continued to recommend that their stockholders not give in to EA's offer.

"We are fully engaged in a formal process to evaluate strategic alternatives that have the potential to deliver greater value than EA's inadequate offer," Zelnick said. Take-Two CEO Ben Feder also added his own two cents regarding this matter:

In February, Take-TwoÂ’s board rejected EAÂ’s offer as inadequate. Since then, the record-shattering release of Grand Theft Auto IV, the exciting announcement of a BioShock movie, and our ability to deliver financial results exceeding expectations have further demonstrated that our value-creation potential is greater than EAÂ’s offer.


According to GamesIndustry, EA's current offer is expected to expire by this August 18. In the mean time, Take-Two also has a site that explains the details regarding their ongoing row with Electronic Arts. You can access it via the source link below, though you'll also want to visit again in case we receive any updates regarding this news.

Via Take-Two Value



This story sucks? This story rocks!
Vote Now!    This story ROCKS! (0) This story SUCKS!! (0)




Become a Member of QJ.Net!

If you want your comments to go live without waiting for moderation, you need to be logged in. Being logged in has its benefits:
  • Logged in members do not wait for their comments to be approved.
  • Logged in members can sign up for nightly updates.
  • Logged in members can create Profiles to be seen by other users.
So why wait? Create an account or login now! It's easy, quick, and free.

To get started, use the LOGIN boxes, or the REGISTER link at the top right!

Comments 


 
# PlzSuperQuest 2008-07-23 00:59
EA leave T2 along ... we don't need more boring games from you

Reply
 

 
# yojoseph10444 2008-07-23 01:03
yeah like there online community for psp

its SO boring

the blue background, EA signs everywhere..

go T2

Reply
 

 
# EAXastabus 2008-07-23 01:47
Stands for Entertainment Annihilated.



Most of what I've seen them buy they've totally run into the ground. This needs to stop.

Reply
 

 
# :(GW2 2008-07-23 03:30
i want hot pursuit 3

Reply
 

 
# And more specifically...smokeelaa 2008-07-23 03:35
We don't need you to kill 2K Sports.

Reply
 

 
# ***** EA!thexile 2008-07-23 05:36
*****ty company!

Reply
 

 
# EA blows...Apeaggedon 2008-07-23 05:47
though ive never played any 2k sports,and the last madden i played was 2001 (first one for ps2)... so i can care less about sports anyways,but as far as their shares... they are doing great in that department..



if EA bought their part then that would mean more *****y games with more *****y online and awful Customer service.



man,it pisses me off that EA has great idea's for some games but thats all they are and nothing more... they turn it into a pile of cr@p.



their older games for ps2 wern't that bad especially the ones for psx as well... but wen they got mainstream they started to suck a$$.

if you guys look at IGN's ps3 revised list of upcoming games and dates,you'll see that EA has like 20 something titles coming out,and more then half are coming out this year alone. (shakes head) thats pathedic.

Reply
 

 
# Actually...The Tjalian 2008-07-23 06:20
Actually, it stands for Evil Alliance. Get your abbreviations right! :P

Reply
 

 
# YaJustingraziano 2008-07-23 10:33
You said it SuperQuest. We don't need GTA being rated T or E.

Reply
 

 
# .MikeyMike01 2008-07-23 10:50
2K Sports is garbage. And I'm pissed at them for killing MVP.



I *****ing hate Take-two.

Reply
 

 
# One word.Project D 2008-07-23 15:45
Fail.

Reply
 

Add comment

Security code
Refresh


Welcome to QJ.Net!

If you want your comments to go live without waiting for moderation, you need to be logged in. Being logged in has its benefits:
  • Logged in members do not wait for their comments to be approved.
  • Logged in members can create Profiles to be seen by other users.
So why wait? Create an account or login now! It's easy, quick, and free.

To get started, use the LOGIN boxes, or the REGISTER link below!



Want to learn more about the team who brings you the QJ news?

Read about them now!


RSS Feeds Follow us on Twitter Find us on Facebook
Login:

HOT FLASH GAMES

Monster Truck Jumper

Left to Die

The Empire 2

Dark Dimension

Town Drift Competition

Heroes of the Sword