EA deadline to Take-Two shareholders ends tonight

20 Comments by Alexander Sliwinski May 16th 2008 12:15PM
Filed under: Business

There are a little over 12 hours to go before EA's $25.74 per share deadline for Take-Two ends at 11:59PM EDT. Analyst Michael Pachter told Forbes (via GamePolitics) that EA started off too high with its $26 a share offering and should have started around $22 back then. Meanwhile, analyst Colin Sebastian tells the San Francisco Chronicle he believes the deal is going to get "hammered out," possibly at a higher price.

As of this writing, Take-Two's stock is trading around $27 per share, but EA could be buying up all those shares with its billion dollar loan for all we know. Word on the street is that something could happen Monday, but the only certainty right now is tonight's deadline.

Tags: buyout, ea, hostile-takeover, take-two, takeover

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(Page 1) Reader Comments

kevinski: May 16th 2008; 12:20PM

God, EA...just give up.

PojoMofo: May 16th 2008; 12:21PM

the $1 Billion loan they just took out says there arent giving up anytime soon

Phranctoast: May 16th 2008; 12:23PM

Good. I'm tired of hearing about it. Makes EA look desperate.

nmezib: May 16th 2008; 12:25PM

It's sad, but now that I have my copy of GTAIV, I simply don't care about this merger anymore.

Am I a consumer whore? Yes I am. And how!

Obvious: May 16th 2008; 1:07PM

Man #1: "My gums are bleeding!"
Man #2: "F#&K!"

:)

Zeus.:God: May 16th 2008; 7:06PM

My anus is bleeding!

FOR THE LOVE OF GOD AND ALL THAT IS HOLY, MY ANUS IS BLEEDING!!!

[muffled]AHHHHHHHHH!!![/muffled]

xFenixKnightx: May 16th 2008; 12:28PM

Yes please give up EA! Goodness, this would just suck bigtyme and we are ALL tired of hearing about it.

LEAVE TAKE2 ALONE!!
http://www.flickr.com/photos/12175406@N08/1896258636/

LiqwidZero: May 16th 2008; 12:30PM

NSFW!

PojoMofo: May 16th 2008; 12:39PM

http://www.roflcat.com/go-cry-emo-kid.php

princeofshapeir: May 16th 2008; 12:31PM

Guys... this isn't the end of the deal, its the beginning. If this doesn't go through, EA will try again at $28, and then again at $30, etc, until they have enough for a controlling interest.

Fox318: May 16th 2008; 12:34PM

DON'T DO IT TAKE2!!!!

princeofshapeir: May 16th 2008; 12:36PM

Take 2 can't really do anything about it... EA is doing a hostile takeover. As long as investors are trading their stocks, EA will be buying them.

Huey2k2: May 16th 2008; 12:50PM

If EA ruins GTA, I will never buy another EA game again, mark my words.

MinimumWageNinja: May 16th 2008; 1:01PM

Don't give in Take-Two, you're better than that!

Christ, I'd rather Microsoft buy them than EA.

Obvious: May 16th 2008; 1:06PM

Actually, you have a very good point. Given the MS track record with Bungie, they would probably be the (far) lesser of two evils in a takeover.

However, the game would likely be renamed... Something along the lines of "Grand Theft Ultimate Auto beta 4 CTP Professional Edition for Windows". :P

MinimumWageNinja: May 16th 2008; 1:11PM

Yeah man, say what you want about Microsoft but when it cames to their gaming division there's really little that they've done wrong. Especially game wise, everything they've worked on isn't rushed and is generally really well received.

kevinski: May 16th 2008; 1:34PM

I think that Microsoft buying Take-Two would piss a lot of people off, especially anyone who prefers to play GTA on a PlayStation console. Really, though, it'd be the best thing for Take-Two, as - despite what people will say - Microsoft is far less evil than EA.

MinimumWageNinja: May 16th 2008; 2:27PM

Yes I agree. Even though I don't want either to purchase them, Microsoft is definitely superior to EA even if it meant losing the Playstation, and this is coming from a multiconsole owner.

MinimumWageNinja: May 16th 2008; 1:12PM

Also, I bet you if Take-Two turns it down they'll extend the "deadline" again. They didn't take out a billion dollar loan for nothing

LAWL: May 16th 2008; 1:50PM

T2 you better not give up like that,incoming EA super empire monopoly next crash panic whatever .
The one thing i think that would be a good idea,idk if its posible or legal,is to take the money seel T2 but then the owners just make a brand new company with the money,all the old T2 people quit and join T3(the new company) and keep making games,with a new name and more money.

So what they loose franchises,whatever,they can name mario MrJumpy but hes games are still the same good right?

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