Pachter: Take-Two to reject higher EA bid |
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We all know about the EA and Take-Two Interactive takeover attempt by now, and the issue doesn't show any signs of slowing down. According to gaming industry watchbird Michael Pachter, Electronic Arts will be able to get an approval by the FTC within the next two months, and attempt to strike a deal with Take-Two with a higher offer. This offer will be shot down.But of course, Pachter still holds his grim prediction that if Take-Two keeps on holding its fort (and keeping EA at bay), it won't be all roses for the company that came up with the groundbreaking Grand Theft Auto 4. According to him, once Take-Two achieves its estimated 12 million copies for this year, the record would be "difficult to exceed next year."
So what's going to happen in the next few months? Here's Pachter's take on things: Ultimately, we think EA will make a deal happen...We believe that once EA walks away and no other bidders materialize, it will be able to allow all parties to cool their heels, and will be able to come back and complete the deal at a reasonable price.
What exactly is the mentioned "reasonable price"? Pachter said that Take-Two shareholders can expect a US$ 27.54 offer, two dollars higher than its current bid.
Via Gamasutra
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Comments [refresh]
If this really happens. Good for the share holders. Bad for the
gaming public. we will end up with games that look like "Streets of LA" The EA Monopoly needs to be look at like any other monopoly.
How do you define a "reasonable price" for a software company that consistently produces highly innovative software ....when it is potentially being purchased by a software company that consistently does NOT produce innovative software? ---In other words, I find it offense when an industry-analyst-schmuck comes in and does a buy-the-numbers review and says, "Oh, it's really worth about $27.54 a share."
And, don't even get me started on the FTC.... heck, that entire government body is worth about $27.54. The Constitution ought to be amended to make the FTC an elected body, not some BS 'handshake'/'wink-wink' quid-pro-quo appointed post. For the life of me, I don't understand what they "protect". If carnivorous beast-corporations like EA are "approved" to make hostile takeover bids for a smaller, healthy COMPETITOR like Take-Two .....then just what the %#$ is the FTC 'preventing' or 'mediating' in the market?
"According to him (Patcher), once Take-Two achieves its estimated 12 million copies for this year, the record would be "difficult to exceed next year."
Ummm... No it won't. Dumbass
Something about this smarmy little jackass gets right up my nose. I just can't stand this guy. Is he even accurate most of the time? Almost every time I read what this guy has to say, he's talking out his rectum.