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EA Launches 'Hostile' Bid for GTA Publisher

Posted by Zonk on from the here-we-go dept.

Games news sites are reporting that EA has issued a new offering to Take-Two's shareholders in an attempt to purchase the company outright. Last month EA offered some $2 billion to Take-Two in an effort to accomplish the same goal. Take-Two declined, and EA took their offer public. Now, Electronic Arts is offering the price of some $26 per share to Take-Two's holders, a generous valuation. "Within ten business days Take-Two is required by law to publish, send or give to shareholders (and file with the Securities and Exchange Commission), a statement as to whether it recommends acceptance or rejection of the latest offer ... Since EA launched its February bid Take-Two said that other parties had approached it regarding a merger, but that it hadn't entered into negotiations with other companies about a deal."

14 of 171 comments (clear)

  1. If this goes through.. by kvezach · · Score: 5, Funny

    Cue GTA 2009. .. and GTA 2010, GTA 2011, GTA 2012, GTA 2013...

    1. Re:If this goes through.. by FredFredrickson · · Score: 2, Funny

      Due to the fact that those games are already hot sellers, I'd say they were already pretty much guaranteed up through GTA 2013.

      --
      Belief? Hope? Preference?The Existential Vortex
    2. Re:If this goes through.. by Anonymous Coward · · Score: 5, Funny

      Each with identical gameplay, but updated stats on all your favorite drug dealers and prostitutes.

  2. That's gotta hurt! by SoundGuyNoise · · Score: 5, Funny

    I'd love to hear John Madden do color commentary over GTA.

    --
    You never expect irony, do you?
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    @iyfwrestling
    1. Re:That's gotta hurt! by Anonymous Coward · · Score: 5, Funny

      I'h-I'h-If he steals that car.... it's a felony.

  3. Oh boy! by acehole · · Score: 4, Funny

    I just can't wait for GTA: Livin' Large, GTA: Hot Date, GTA: Makin Magic and GTA: Vacation.

    --
    Be you Admins? nay, we are but lusers!
    1. Re:Oh boy! by poetmatt · · Score: 4, Funny

      What about GTA: Hot Coffee?

      Oh wait.....

  4. Re:I'm no big fan of Take-Two by Anonymous Coward · · Score: 3, Funny

    Oh, there's plenty of EA related penny arcade material:

    http://www.penny-arcade.com/comic/2006/11/15

  5. cue the jokes by Speare · · Score: 3, Funny

    I'm expecting plenty of jokes about EA paying the fee, taking Take Two for a "ride," robbing Take Two of all its money and professional services, then firing a cap into the business before driving off.

    --
    [ .sig file not found ]
    1. Re:cue the jokes by esocid · · Score: 2, Funny
      I think they would be more along the lines of:
      1. EA picking up TT, pulling into a secluded area (cue squeaking suspension).
      2. Run them over for all the money they just paid TT.
      3. Profit!!
      --
      Absolute power corrupts absolutely. indymedia
  6. Take Two Responds by JeanBaptiste · · Score: 3, Funny

    R1, R2, L1, R2, Left, Down, Right, Up, Left, Down, Right, Up, GTFO.

  7. Surrender. by SpaceDreamer · · Score: 3, Funny

    You will be assimilated. Resistance is futile.

  8. Re:I'm no big fan of Take-Two by sesshomaru · · Score: 2, Funny
    My favorite:

    Cut Yourself

    --
    "MIT betrayed all of its basic principles."
  9. Re:Nice timing by PC+and+Sony+Fanboy · · Score: 2, Funny

    Prediction: EA will own the firm by the release of GTA4. My Prediction: EA will NOT own the firm by the release of GTA4.

    well... one of us will win ;)