T2 chairman: EA's US$ 2 billion doesn't acknowledge GTA's worth |
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In a move that may have elicited a double take, Electronic Arts (EA) reportedly skirted Take-Two Interactive management and went directly to Take-Two shareholders. The offer: US$ 26 (for a grand total of US$ 2 billion) for each Take-Two share. In response to this, Take-Two Chairman Strauss Zelnick claimed that the amount undervalues his company:
Electronic Arts' offer doesn't acknowledge the value of games including Grand Theft. It ignored the tremendous operational progress we've made in the past year.
Zelnick did say, however, that he would be willing to discuss the offer after the release of Grand Theft Auto 4 (PS3, Xbox 360).
Perhaps Take Two Interactive's modifications to its employees' severance plan couldn't have come at a better time. Nevertheless, EA's new offer is set to expire at midnight on April 11, so we'll wait and see what happens.
If you'd like to see the full details of the tender offer given by EA, feel free to follow the link below to download the PDF file that contains all the specifics.
Via eatake2.com
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Comments [refresh]
If EA wants Take2 their gonna have to fork out some major cash & I hope that their not willing to pay the amount take2 wants.
didnt they offer 1 billion ealier?.......if so stupid ea is gettin desperate for take two....
I would bet that EA is desperate for just about anything that has a popular game franchise attached to it. I mean, they seem to be having difficulty in creating a game that is not a disappointment (at least from my perspective) these days.
I believe gamers should invest in the companies that make there favorite games. That way we would have some say in what happens to them and I think we should in big groups like those that pick stocks for their members except here the groups only investing in 1 company but with the voice of gamers.
$26 per share. $2,000,000,000 total.
That's just shy of 77 MILLION shares.
Do you really think there's enough gamers willing to buy stock in this company to gain a controlling share and make their opinions worth anything?
EA's tactic of buying everything has a goal. I believe that they are trying to buy as many franchises as the can and when they reach a certain safe point they will release their own console making all those game franchises they own an exclusive to their console. Their aggressiveness today spells serious problems for Sony and MS in the future.
Thats my 2 cents...
well if every person who bought one of the gta games bought about 4 shares... we could take control if we could band together.
as of sept. 2007 gta san andreas sold 20 million copies. so 3-4 shares per buyer of that game alone would be enough. anything is possible.
You're 2 cents are great. Send an email about this to sony and M$, I'm sure they'll have never thought about it since it's looking so impossible, lol. But you're right, that would be the biggest thing in the world, and with all the sports games, and the big american titles, they could easily make an american console, with exclusives like GTA5 and all the other stuff they bought... like crytek! my god.
The thing that worries me is that I've read from a reliable (so far) source that after GTA is released and Rockstars-Take 2 shares raise and solidify in a couple of weeks MS is going to step up with a humongous 9 digit figure and buy them off the hands of EA...Talking about industrial aggressiveness! !
But we'll just have to wait and see...