EA-Take Two news coming Monday
May 14, 2008 by pastapadre
Coming out of the EA financial call yesterday Lazard Capital’s Colin Sebastian has stated that an update to the buyout proposal of Take Two will be coming on Monday. The deadline that EA had set previously ends this Friday.
The current offer stands at $25.74 a share which amounts to just about 2 billion dollars. That is the same amount as was originally offered (though the price per share was lowered when Take Two increased the number of shares available). The TTWO stock sits just over $1 above that right now however that is being artificially held up due to the expectation of the EA buyout.
So what could this news be? Among the possibilities are Take Two accepting the current deal or a revised deal, EA raising their public offer, or EA withdrawing their offer (though it could simply be yet another extension to the deadline). Regardless it’ll be good to get some movement on this instead of the uncertainty continuing to just loom over everything.
I can’t wait. Hopefully 2k goes down and EA will get control over baseball again.
pasta do u think this will mean a larger EA and maybe infuse some of the good features from the 2k sports games ie. espn nfl2k5 like the inros and stuff actually help the games or will it just be that ea is getting rid of competition
Yeah if they do buy out Take Two Interactives hopefully EA uses it for good. Like use some of 2k’s ideas.
Four words
GRAND THEFT AUTO IV
Take Two is gonna be ok in the money department…
cavball wrote:
Um, has EA done any of that before??? What have they done with ESPN?? Absolutly NOTHING. All this is, is a ploy for EA to get their chubby fists in the GTA cookie jar and NOTHING else.
Griffa02 wrote:
Possibly to a certain extent, more so in bringing in some talent to work on other titles. But really outside of the NBA, 2K doesn’t provide competition right now.
Pro: the show will finally have some competition
Cons: Nba 2k were great games animation-wise. Now there is no reason for EA to try to make Live any good in terms of gameplay.
If EA does take over, I hope they toss out the engine for Madden and use 2K’s.
But do you guys really want EA even remotely connected to the GTA franchise?
Details wrote:
I sure as hell don’t. EA has got to be one of the stupidest game devlopers ever. The only reason I buy the game is because it’s only NFL. They add a cool new addition each year but then they can never do it the right way.
Details wrote:
NO, HELL NO and f**k NO.
Like i said, this is the sole reason for this deal and this deal will only turn the GTA franchise into a shell of the games we have now. EA has no business being anywhere near that franchise. IF EA does aquire Take Two, i can only hope for the Govt to intervene(as much as that makes me shudder) and break up EA.
PASTTA, 2k is also competetive in hockey, and thier tennis game ‘top spin’ imo is the best representation of the sport available and a very good game.
2k football is actually worth playing an entire game too, instead of wanting to ’super-sim’ most of it.
other notables are ‘the bigs’ which was a great suprise last year.
EA’s CEO has even stated publically how talented he thinks visual concepts is. VC is a better developer for sports than any team currently working for EA.
I may be alone in this thinking, but I would NOT want EA to adopt the 2K engine for football games if this merger/buy-out were to actually happen.
I would much rather see EA adopt the best aspects of the 2K engine (Ol-DL interaction, QB drops and throwing mechanics, presentation and sidelines, etc.) into a hybrid of their existing engine. Either that or adopt the Euphoria engine and start over…
As for GTA franchise in EA’s hands….so what? Unless EA started developing the series instead of serving as publisher it would not make much difference at all….did EA publishing “Crysis” make that any less of a game as a result? Sometime people take the chic “I HATE ALL THINGS EA” vibe a bit too far…
EA will make a grand theft game every year if this happens.
So there is no option for Take Two to simply decline the deal? Seriously, what if they have ambitions to become a huge property on their own…
Phil wrote:
Its a publically owned company, ultimately it comes down to the stockholders.