Grand Theft Stock Shares: Take-Two, EA shares plummet

Posted Sep 15, 2008 at 6:58AM EST by QJ Staff

Listed in: Wii, PS3, Xbox 360 Tags: Electronic Arts, NASDAQ, Square Enix, Take-Two Interactive

Take-Two, EA shares plummet: Acquisition FAIL - Image 1

We rarely come by news of stock movement in the games industry, but whenever we do hear of them, they usually come in the wake of some big waves. Take Square Enix for example: we learned their stock shares rose after announcing Final Fantasy XIII for the Xbox 360.

While that was something positive, this time around, misery loves company as both Take-Two Interactive and Electronic Arts lost some stock profile after EA's takeover offer was finally closed. The deal was shut down just yesterday, and already, both companies are feeling its effects - T2 most especially.

As Bloomberg reports, the Nasdaq Stock Market charts show that Take-Two's stock fell by $5.96 (27%) from US$ 21.89 to US$ 15.93. This is the biggest drop they've had since December, 2001. EA's decline isn't as substantial, clocking only a 2.7% drop (US$ 1.22), from US$ 44.99 to $43.77.

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is the worst closest to the Great Depression - twice under the same government. Oh I forgot he is a C average student - dont expect him to do satisfactory in math. LOOL

Meryl Lynch felt under BoA. AIG is going the same way. So brace yourself. It's now the time to start buying shares for those who want to start on the stock market.

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Grand Theft Stock Shares: Take-Two, EA shares plummet

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