EA Launches 'Hostile' Bid for GTA Publisher
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."
f1rst p0st
Cue GTA 2009. .. and GTA 2010, GTA 2011, GTA 2012, GTA 2013...
FRIST POEM
A rainbow comes pouring into my window, I am electrified.
Songs burst from my breast, all my crying stops, mistory fills
the air.
I look for my shues under my bed.
A fat colored woman becomes my mother.
I have no false teeth yet. Suddenly ten children sit on my lap.
I grow a beard in one day.
I drink a hole bottle of wine with my eyes shut.
I draw on paper and I feel I am two again. I want everybody to
talk to me.
I empty the garbage on the tabol.
I invite thousands of bottles into my room, June bugs I call them.
I use the typewritter as my pillow.
A spoon becomes a fork before my eyes.
Bums give all their money to me.
All I need is a mirror for the rest of my life.
My frist five years I lived in chicken coups with not enough
bacon.
My mother showed her witch face in the night and told stories of
blue beards.
My dreams lifted me right out of my bed.
I dreamt I jumped into the nozzle of a gun to fight it out with a
bullet.
I met Kafka and he jumped over a building to get away from me.
My body turned into sugar, poured into tea I found the meaning
of life
All I needed was ink to be a black boy.
I walk on the street looking for eyes that will caress my face.
I sang in the elevators believing I was going to heaven.
I got off at the 86th floor, walked down the corridor looking for
fresh butts.
My comes turns into a silver dollar on the bed.
I look out the window and see nobody, I go down to the street,
look up at my window and see nobody.
So I talk to the fire hydrant, asking "Do you have bigger tears
then I do?"
Nobody around, I piss anywhere.
My Gabriel horns, my Gabriel horns: unfold the cheerfulies,
my gay jubilation.
Nov. 24th, 1957, Paris
Peter Orlovsky
But still, I hope that EA doesn't take hold of them. EA's gaining way too much influence on gaming, and considering how they run things into the ground and churn out mediocre games on the backs of good games makes me worried that they'll grab as many companies as they can, and run them and their brands right into the ground.
Obligatory Penny Arcade. Different company, but I still feel it applies here.
http://www.penny-arcade.com/comic/2007/12/05
At first I though, hey, their stock is at $25.54, $26 a share is not so generous. Then I went on to see that before the $2 billion bid it was bouncing between $16 & $18 for months. In fact, it hadn't seen $26/share since 1999. I can only assume the $2 billion bid was what caused it to spike, nothing else indicates that.
So the reason it's so generous is because EA is paying their own price that was the result of them inflating Take Two's stock prices. They want this company. Badly. Desperation or good business move? I'm not sure. Maybe it's just the big dog gobbling up the competition or EA expanding to other types of games and gamers? In my eyes, it's a shame for the sake of diversity though. EA would never take the risks Take Two has.
My work here is dung.
Sounds like take 2 is gonna get JACKED.
they own bioware and pandemic. now they want take-two? this is becoming a monopoly on game publishing. the only real competitor is activision, and they are flailing right now.
If people can get past, can they get future? Best way to confuse a stoner
I'd love to hear John Madden do color commentary over GTA.
You never expect irony, do you?
Want to be a professional wrestler? Visit www.iyfwrestling.com
@iyfwrestling
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!
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.
[
R1, R2, L1, R2, Left, Down, Right, Up, Left, Down, Right, Up, GTFO.
You will be assimilated. Resistance is futile.
What's going on indeed...
"MIT betrayed all of its basic principles."
One of my old college buddies recently got a job for EA Mythic, and he was impressed that everyone there simply thought of the place as "Mythic," not EA. EA wanted a piece of the MMO pie, but has had a relatively hands-off approach.
Considering that Take Two's franchises are the same Genres as what EA has been churning out, it probably won't be exactly the same approach. In years past, I would have accused EA of being a bunch of Suits who care about nothing more than Quarterly reports and annual Madden installments. While a large part of that is still true, the industry has realized that gamers don't like to buy crap. Bad press and bad reviews can make or break a game's financial success.
This is still a calculated move by EA to increase their market share and boost their quarterly reports. But the end consumers certainly aren't going to lose out because of it.
This can't happen. EA has fucked over too many franchises already.
Indeed. Every time I think of EA's acquisitions, I think about my more recent experience with C&C 3. I actually bought about 3-6 months after the release, so there were already patches, but still tons of bugs. Netplay was particularly horrible.
Forward to today, EA is touting the release of the addon to C&C3, but many bugs still exist in the game. I think the worst part is their online service, which seem to tie in all users regardless of location, which in many case pretty much guarantees a game with lag and dropouts. They've certainly got little on competitors like Blizzard, which - despite various other complaints about battle.net - generally has a reliable online experience, and has separate servers for the various world-regions.
EA is a bubblegum gaming company, and they turn all the companies they buy into such with little regard to quality or customer satisfaction.
If this was to go through, it would pretty much mean the end of major sports games competition, eh?
Just like AOL did with Time Warner. Seriously, if EA is willing to pay 2B then they're willing to go for more, so get concessions in that put TT management at the top of EA and voila!
How big does EA have to get before a government forces them to split up, like the phone companies? Ok, sure, it's not an essential service. (What is that howling sound?) It is, however, so large that ownership of TT would mean nobody could seriously compete with them. That's an effective monopoly. Ms. Indie gamer isn't going to influence shelf space at Best Buy or tell MS what the XBox Live price point will be.
There are two games I want to see: a new Wing Commander and a modern update of Syndicate. Neither will get made.
As far as Wing Commander goes, to hell with the FMV. Sure, if you want to do video scenes, animate the 3D models but no more live action! The gameplay went to crap with live action. I want quality along the lines of Wing Commander 1 and 2. The flight models in those games were based more on WWI than the way Star Wars did it, cribbing from WWII. I don't care, it looked gorgeous and was a frickin' blast to play. Neat-looking ships, big explosions, plenty of eye-candy. Bring back the Kilrathi, give them proper symmetrical ship designs, make the Dralthi look like a deadly flying pancake again. Give me a proper joystick and this would be a hell of a game. There just hasn't been any decent space combat stuff out there. Yes, there have been a few attempts, mainly from indie publishers, but the games just haven't been good, the controls feel all crummy and the dogfights just aren't fun.
As for Syndicate, we have the technology to simulate those full city-scapes in 3D. When agents walk behind buildings, we could have little "transparency bubbles" pop up so we can see what's going on on the other side. With modern particle effects, these firefights could be epic. With deformable terrain, we could see whole city blocks destroyed. Ladies and gentlemen, that would be some quality entertainment.
And while I'm pining away for the wonderful games of yore, I'm seeing a banner ad for a nintendo DS game of insect bukkake. This must be the latest EA abortion.
Kwisatz Haderach
Sell the spice to CHOAM
This Mahdi took Shaddam's Throne
EA's main motivation for this acquisition is to regain the old price point for their flag ship sports titles. Take-Two publishes basketball, basebeall & hockey games (and to a lesser degree football) games that are direct competitors to EA's flagship sport titles. However, Take-Two at times has priced these titles as low as $29.99 which causes EA to drive it's own prices down.
Therefore, buying Take-Two would rid EA of there sports-related competition and all them to price their games at whatever they want. EA is one record saying that this is their intention, and that GTA is just icing on the cake.
Well worthless for a couple more years until GTAV is released, or Bioshock 2. If you look at the company's history their projects have a tendency to run fairly long which give the company financial droughts from year to year. Right now take-two's profits are looking pretty good with bioshock, manhunt, and GTA, but they really don't have any money makers on the horizon until 2009 (if bioshock 2 releases in 09). It's tough to see what EA wants from Take-Two since GTA, and Bioshock are hardly worth 2 billion it doesn't seem likely they plan on stripping these franchises and closing down everything else, and there's not too much else profitable at 2k.
Don't hate on EA for making decisions that increase the total value of its own company. Instead, pity the poor game programmers. Kids, I have friends who work for that disaster of a company, and I had my own chance at it. The office in Vancouver is decked out to the 9's, but you'd better be ready to sacrifice your soul to the devil. Don't even bother applying if you have a family.
Seriously, think of the programmers.
Hi, I Boris. Hear fix bear, yes?
After NFL 2K4, that was my favorite football game. The presentation was great, and I was looking forward to improvements on the next installments... until EA ruined it all. Now I have to wait until their exclusive license is over (not even sure if 2020 is long enough). I'm sure they'll ruin this company. It may do them some good to take a look at the 2KX codebase just to learn how to code some better football games. This is the best case scenario if EA takes over. Wishful thinking on my part? Probably.
The EA's new GTA project manager demands his team of programmers to put in a psychotic turtle named Dwight to win back his estranged son?
I think you answered your own question. Take Two has several extremely profitable properties, they just take too long between releases to provide consistent profitability. That's exactly the sort of situation that an EA executive can look at and say "Hmmm... if we marry those properties to our slave ship mentality, we can make huge bucks!"
Instead of GTA IV, it'll be GTA 2008, 2009, 2010...
Anyone who loves or hates any language, platform, or manufacturer, doesn't know what they're talking about.
That's insane. How are you supposed to value a growing software company in 10 days. WoW! The people who write these laws have no business sense.
EA - Actively trying to ruin your favorite hobby for a good 20 years now. I mean really - are they not going to be happy until they own every game developer in existence and can charge 60 bucks a year for an incremental update to every franchise and brand under the sun?
Oddly enough, I've noticed that while my female friends couldn't care less about most games, they go absolutely crazy over The Sims. Perhaps this effect has something to do with that game's popularity.
The offer is a clever move by EA, and if this particular offer isn't accepted, another one like it will be very soon.
As a company, Take Two is simply falling apart. They're being sued by shareholders for not accepting EA's original $2 billion buy out offer, the company is constantly under attack by politicans, parent's groups and religious leaders and aside from the temporary stock price hike attributed to EA's lust for the firm, the company's shareholders are jumping ship and dumping stock faster than you can say "GTA made me do it."
EA has foreseen the collapse of the Take Two and has decided it wants to salvage Grand Theft Auto -- not for any altruistic reason, but for the hundreds of millions of dollars each new game automatically earns. They may not be able to create an original football game, but EA certainly has the cash and the legal know-how to absorb Take Two.
Prediction: EA will own the firm by the release of GTA4.
1. Acknowledge you can't innovate.
2. Buy company that innovates.
3. Charge a heck load of money for prior innovation.
4. Company stops innovating.
5. Repeat.
Copyright infringement is "piracy" in the same way DRM is "consumer rape"
I can give you a timeline here.
1: EA buys
2: EA institutes a new work model
3: Shit falls INCREDIBLY far behind
4: EA shepherds it along at the pace of a stunned snail, making promises left and right.
5: Shit falls IMPOSSIBLY far behind (to the point where there's NEGATIVE development on a project)
6: EA plays major catchup and gets the product into a semi-usable beta which it'll release
7: EA finally just closes the project down, stating that it can no longer work on it.
This has been EA's pattern for EVERYTHING but their stupid sports sims from DAY NUMBER ONE!
They've killed dozens of companies and projects this way.
Chas - The one, the only.
THANK GOD!!!
As long as it's not DJ Atomica.
... fixing the crap they sold with Rock Band instead of trying to buy up another company to ruin it's games.
Egotistical Assholes.
TT has issues a notice to their shareholders, you cand find it on their website under the 'corporate' tab. I really hope EA never gets their hands on TT, you can kiss any further decent development from them goodbye... http://eattake2.com/
Why is the word hostile in quotes, as if this weren't a real hostile takeover? It is that, plain and simple, nothing '' about it.
There needs to be a general counteroffer: "To all Shareholders of EA: Quick, dump your stock! sell it as cheap as you possibly can, to other game companies not associated with EA!"
Pre-EA DICE had a fantastic thing going - BF2 was the last decent product of the Battlefield Series - EA comes along and we wonder why 2142 is a heap of shit....