EA and Take Two Break Off Talks

by pastapadre
Posted September 14th, 2008 at 6:27 pm

It was announced earlier today that EA is no longer in negotiations to purchase Take Two. This will certainly ease the minds of those into sports games for the time being, however the stock which is currently sitting about $4 less per share than the offer EA had on the table will take another hit tomorrow.

Take Two continues to state that there are others interested in buying them up. Whether that happens or something doesn’t eventually materialize there is the potential for more cutbacks for 2K Sports. While the NBA and MLB series are in no danger I do look at NHL as being a possible casualty. Three weeks before the College Hoops franchise was canceled I wrote about how there didn’t seem to be enough overall sales to support multiple titles. That same situation may present itself with NHL down the line. Regardless at least for now everyone can take solice in having some resolution to the seven month long EA-Take Two story.

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29 ResponsesLeave a comment
  • baumy300
    September 14, 2008 at 6:28 pm
    Reply

    GOOD!

  • armando 1
    September 14, 2008 at 6:43 pm
    Reply

    thank god

  • aaron
    September 14, 2008 at 6:46 pm
    Reply

    with how 2ks shares have dropped and will fall even more now it wouldnt surprise me if ea came in hostile again and bought enough shares to control the company. itd actually cost them a lot less to do that now than before.

  • sdot
    September 14, 2008 at 6:57 pm
    Reply

    GREAT POST PASTA

    EA WON’T RUIN B-BALL like dey did FOOTBALL

    if ur NOT 1st ur LAST

  • Dr Logic
    September 14, 2008 at 7:26 pm
    Reply

    PASTA WILL YOU PLEASE POST INFORMATION ABOUT NBA 2K9!!!!!!!!!
    I DONT KNOW WHY BUT I STILL BELIEVE YOU HAVE AN OBJECTIVE BONE IN YOUR BODY….

  • Anthony
    September 14, 2008 at 7:34 pm
    Reply

    wouldn’t surprise me that just when the NHL series is getting better, it gets canned. figures.

  • J-Claw
    September 14, 2008 at 7:38 pm
    Reply

    [quote comment="36345"]PASTA WILL YOU PLEASE POST INFORMATION ABOUT NBA 2K9!!!!!!!!!
    I DONT KNOW WHY BUT I STILL BELIEVE YOU HAVE AN OBJECTIVE BONE IN YOUR BODY….[/quote]

    pasta posted the link to the achievements earlier today. itd probably be a lot easier if 2k decided to grace us with some info or, wow, even video of the game.

  • astrotuff
    September 14, 2008 at 7:46 pm
    Reply

    [quote comment="36346"]wouldn’t surprise me that just when the NHL series is getting better, it gets canned. figures.[/quote]

    college hoops was great but they canned that even though it was better than march madness. so itd be less surprising to me anyway with nhl since theyre clearly runner-up.

  • treyy
    September 14, 2008 at 8:08 pm
    Reply

    Im glad NBA 2k will still b around, w/o that i wouldnt have a bball game 2 play lol THANK GOD!

  • nba2k
    September 14, 2008 at 8:36 pm
    Reply

    Thank God!!!! EA is tryin to be an Monopoly take out all of the competition I thinks its ridiculas.. Pasta supports EA tho sorry…

  • David
    September 14, 2008 at 8:43 pm
    Reply

    NBA 2K SUCKS

  • armando 1
    September 14, 2008 at 8:47 pm
    Reply

    yea ok david its atually much better then live

  • Jonathon
    September 14, 2008 at 9:04 pm
    Reply

    its a little disappointing actually…
    it would be interesting to see what some of the developers over at 2K could do with the resources from EA…

  • sdot
    September 14, 2008 at 9:11 pm
    Reply

    N e body dat believes EA buyin out T2 would hav resulted n sumthin positive 4 gamin/gamers

    Iz HIGH or SPED ED

  • Anthony
    September 14, 2008 at 9:23 pm
    Reply

    [quote comment="36348"][quote comment="36346"]wouldn’t surprise me that just when the NHL series is getting better, it gets canned. figures.[/quote]

    college hoops was great but they canned that even though it was better than march madness. so itd be less surprising to me anyway with nhl since theyre clearly runner-up.[/quote]

    yeah, college hoops is much better than march madness.

    nhl 09 is better than nhl 2k9, i didn’t mean to imply it wasn’t. i just thought nhl 2k8 was a bad game, and now that 2k9 is better, for it to get canned wouldn’t be good.

  • microsoft its your turn
    September 14, 2008 at 9:29 pm
    Reply

    Heres your chance microsoft.

  • aby
    September 15, 2008 at 5:50 am
    Reply

    [quote comment="36354"]yea ok david its atually much better then live[/quote]
    u most be 5 years old right??

  • shaun
    September 15, 2008 at 7:05 am
    Reply

    Someone needs to buyout just the 2k sports division whether it is EA or another company because 2k sports has no room in the market anymore. WIth EA’s NHL leading the way in hockey right now 2k only has NBA and Baseball as there most profitable franchises. Some could argue that MLB the Show was a better product than MLB 2k, but with the show being on just PS3, 2k didnt really take a hit in that area.However, NBA Live is showing great improvement and NBA 09 is a solid basketball game on the PS3; these titles are going to take sales away from NBA 2k this year.2k’s Tennis franchise only is going to appeal to select audiences and with the announcement of Fight night round 4 there will be no room for prizefighter (didnt get the best reviews by sports gamers). 2k’s stock is down and it will continue to plumment. It seems that EA was the front runner and in the best position but this gives a opportunity for another company to try and buyout 2k. What will be interesting is if a company like microsoft buys all of 2k, will we consider them a monopoly, because they will have the right to games like Grand theft auto, at which I doubt that they would create these games for another system other than the 360. I will continue to keep a close eye on this situation.

  • aaron
    September 15, 2008 at 9:18 am
    Reply

    well the stock is down 25% to 16.46 right now. bet the stockholders are regretting passing up the deal since its now almost $10 lower than what ea offered

  • nba2k
    September 15, 2008 at 10:12 am
    Reply

    [quote comment="36374"]Someone needs to buyout just the 2k sports division whether it is EA or another company because 2k sports has no room in the market anymore. WIth EA’s NHL leading the way in hockey right now 2k only has NBA and Baseball as there most profitable franchises. Some could argue that MLB the Show was a better product than MLB 2k, but with the show being on just PS3, 2k didnt really take a hit in that area.However, NBA Live is showing great improvement and NBA 09 is a solid basketball game on the PS3; these titles are going to take sales away from NBA 2k this year.2k’s Tennis franchise only is going to appeal to select audiences and with the announcement of Fight night round 4 there will be no room for prizefighter (didnt get the best reviews by sports gamers). 2k’s stock is down and it will continue to plumment. It seems that EA was the front runner and in the best position but this gives a opportunity for another company to try and buyout 2k. What will be interesting is if a company like microsoft buys all of 2k, will we consider them a monopoly, because they will have the right to games like Grand theft auto, at which I doubt that they would create these games for another system other than the 360. I will continue to keep a close eye on this situation.[/quote]

    I stop reading this crap wen he said NBA09 was a solid Basketball game.

  • sdot
    September 15, 2008 at 11:52 am
    Reply

    LOL yo dis guy shaun SO HIGH soundin like james BLUNT

    SERIOUSLY WTF R U talin bout all jokin aside

  • shaun
    September 15, 2008 at 12:14 pm
    Reply

    Regardless about what I said about NBA 09, 2k stock is down, especially in the Sports division, where there two best titles right now might not even be the best in the market. NBA 2k is the best bb-game but with Lives improvement and NBA 09 being solid enough that people buy it, that is taking market share away from 2k, meaning 2k doesnt have a lot of money coming in from its sports division.

  • sdot
    September 15, 2008 at 12:29 pm
    Reply

    fam ur BUGGIN NOBODY is BUYIN NBA 09 ova 2K9 if Ne thing dey buyin both 2K 4 GPLAY & NBA 09 4 da LIFE so dat theory is out da window

    & pretty much da same can B sed 4 LIVE a lot of people hav made it clear dat deer gettin both agen 2K 4 GPLAY (N b/c dey kno it will B good) & LIVE 4 features / dey want sumthin diff

    N YOU SERIOUSLY need 2 STOP callin M=NBA 09 a SOLID GAME fam ciz itz far FROM it

  • shaun
    September 15, 2008 at 1:31 pm
    Reply

    S-Dot are you just not interpreting what im saying. You must be or you wouldnt be responding like you are. Let me break it down for you, lets say that eveyone buys NBA 2k and no other basketball title, that still leaves 2k sports with only one profitable franchise.(reminder: everyone isnt going to buy NBA 2k, yes it will dominate in sales, but one franchise can not carry a division) With 2k sports and 2k’s stock way down some company needs to buy them out so they can preserve a franchise like NBA 2k. Do you understand what im saying now. Also, regardless of what you say you can still look at the sales number and see that poeple are still buying Live and NBA 09. In terms of business ( the topic we are discussing not whether one game is the best) if someone doesnt buyout 2k sports then that division as a whole will be no more in the future because 3 franchise’s ( really one NBA 2k) can not keep a division running in a company whose stock is alreay down

  • sdot
    September 15, 2008 at 1:36 pm
    Reply

    fam 4get wuteva U talkin bout as LONG as dey meaning 2K SPORTS keep deer NBA 2K series goin datz ALL dat matters

    NOW as far as buyin dem out as LONG as it ISN’T EA i’m COO cuz we all new if EA getz em itz ALL OVA 4 good B-BALL gms just like itz ova 4 good Football gms

  • catgrizinsider
    September 15, 2008 at 4:26 pm
    Reply

    It is sad but 2K sports is almost down to NBA 2K as it’s only respectable sports series now…it’s a shame College Hoops had to go, I can’t imagine March Madness actually outsold that game?

  • Skihawks
    September 16, 2008 at 11:46 am
    Reply

    The biggest issue I have with 2K is that the overall innovation was slowing each year. To me, 2K was always the leader in innovation in sports games but over the past few years it seems that 2K was into recycling.

    College Hoops, although a good game, had the same graphics every year. NBA 2K, another solid franchise, was the same game since it arrived on the 360. Many people let 2K slide in blogs, forums and reviews but were very quick to hammer EA for not being innovative enough.

    As a hardcore sports gamer I am disappointed that 2K is going to continue to run the MLB games into the ground and continue to put out the same game every year in regards to hockey. I have yet to see NBA 2K9 so I will hold off on my judgment of that series.

    NHL 2K9 is horrible. The gameplay is decent but everything else is forgettable.

    2K has done very little to keep me hanging on as a loyal fan (again, still awaiting NBA 2K9) and I hope that EA somehow rips the MLB exclusivity from 2K…360 owners deserve a solid baseball title.

  • sdot
    September 16, 2008 at 2:29 pm
    Reply

    see datz da problem U can’t input NO features til U get da GPLAY right datz wut EA doesn’t undastand (maybe U 2)

  • dogsnot
    September 16, 2008 at 2:56 pm
    Reply

    Maybe they will team up the VC guys with the Madden guys and show them a thing or two.

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