EA attempting to buy Take-Two for $2 Billion

[quote name='torifile']I couldn't get my buy order in on time before this jump in price. Stupid etrade. Ah well.

BTW, the company is *not* obligated to take an offer just because it's at a premium to their current stock price. You only have to look at the recent MS/Yahoo deal to see that. The board just needs to justify why they think that sort of cash offer is less than what they should get. YHOO did it without much of an impact on their stock price. I think that TTWO can too.[/QUOTE]

Your not obligated, you are correct. That being said, stock holders priced Take Two with likely very optimistic thoughts for GTAIV. So, if they are turning away a very nice premium, they better be able to justify it. Remember, the stock holders threw out the board of Take Two about a year ago for underperforming. I'm not sure this board (or the managment) has the political capital to turn away the trade (because, you can be sure there will be lawsuits if they don't pull the trigger).

Also, I'm not so sure that the Yahoo example is that great. Don't be so sure if, in the future, Yahoo doesn't get sold for a smaller premium. There were some very upset investors for Yahoo not jumping at that deal.
 
[quote name='DQT']It would make me smile if Nintendo bought out Take Two instead.[/QUOTE]

Ditto. EA is only doing this for two reasons: 1.To get GTA. 2.To kill their real sports competition.

From a business standpoint it's a great idea as they kill two birds with one stone. As a gamer I hate it because EA is going to destroy the quality of this company. I'm most disgusted with the fact the Sports games will be killed so EA's stuff doesn't go unimpeded.
I wonder if one could argue a case of EA trying to create a monopoly in Sports games to the FCC. I mean aren't there some Sports games where EA's and Take Two's offerings are the only one's available or am I wrong?
 
[quote name='BillyBob29']It had nothing to do with Etrade. The price changed the instant the news was announced, while the markets were closed, so your only hope of getting all of the 50% pop was to be long Friday before the close of the aftermarket trading session. The news created an instant price gap between Friday's close and today's open. You can see that pre-market trading opened the shares at $25 today. There was 0 chance of getting the stock today at Friday's closing price.

Still, there were some nice gains to be had after the open today. I bought a breakout of the opening range at $25.85 and ran it up with a trailing stop to $26.72.

THQI also moved nicely today in sympathy.[/QUOTE]
That's not true. There's pre-market trading and that's where the pop occurred. I transfered money between my money market and stock accounts yesterday, but etrade didn't let me trade on that money until this morning. So, yes, stupid etrade. They had the money but wouldn't let me place an order.
 
[quote name='Sarang01']Ditto. EA is only doing this for two reasons: 1.To get GTA. 2.To kill their real sports competition.

[/QUOTE]

If this deal goes through EA will have a monopoly on the sports market. The sports series are more important/bigger than GTA due to the annual updates. Furthermore, EA could potentially own two of the most popular games of last year in Mass Effect and Bioshock.
 
[quote name='torifile']That's not true. There's pre-market trading and that's where the pop occurred. I transfered money between my money market and stock accounts yesterday, but etrade didn't let me trade on that money until this morning. So, yes, stupid etrade. They had the money but wouldn't let me place an order.[/QUOTE]

The first trade placed in the pre market trading session occured at $25.00. You could not have bought the stock today at Fridays close. The stock STARTED premarket trading at $25. It gapped up from Fridays close. There were NO TRADES between the close of the aftermarket session on Friday and the premarket action today.

Check the order book, last trade on Friday was at 4:13pm, 3200 shares traded at $17.1134. Then you look at the first trade on the order book today, 7:07 am 16100 shares traded at $25.

There were no trades between $17.1134 and $25, the news created a gap up.

The pop was already priced in before the pre-market session opened, it happens all the time when companies report news/earnings on the weekends or after the market has completely closed.
 
[quote name='BillyBob29']The first trade placed in the pre market trading session occured at $25.00. You could not have bought the stock today at Fridays close. The stock STARTED premarket trading at $25. It gapped up from Fridays close. There were NO TRADES between the close of the aftermarket session on Friday and the premarket action today.

Check the order book, last trade on Friday was at 4:13pm, 3200 shares traded at $17.1134. Then you look at the first trade on the order book today, 7:07 am 16100 shares traded at $25.

There were no trades between $17.1134 and $25, the news created a gap up.

The pop was already priced in before the pre-market session opened, it happens all the time when companies report news/earnings on the weekends or after the market has completely closed.[/QUOTE]
Learn something new everyday. Thanks. :)
 
[quote name='kill3r7']If this deal goes through EA will have a monopoly on the sports market. The sports series are more important/bigger than GTA due to the annual updates. Furthermore, EA could potentially own two of the most popular games of last year in Mass Effect and Bioshock.[/QUOTE]

EA is an illness in this industry, they do nothing but harm and them metastasizing like they are is especially frightening.
I hope if they try to buy Capcom or any Japanese gaming company they don't let a bunch of idiot Gaijin buy them.
 
[quote name='Sarang01']EA is an illness in this industry, they do nothing but harm and them metastasizing like they are is especially frightening.
I hope if they try to buy Capcom or any Japanese gaming company they don't let a bunch of idiot Gaijin buy them.[/QUOTE]
I agree, but it just goes to show how video games are becoming more and more a major part of the entertainment industry. This is the same thing that happens with music and movies--and the major studios/labels are able to make money by recycling the same garbage because 90% of the population is absolutely clueless. This goes without saying, but the only way to stop EA from pulling these stunts is to stop buying their games. And that's not going to happen.

I guess we'll just have to turn into video game hipsters by only playing indie games and spending a lot of time complaining about Major Developers and the ignorant "mainstream" gamers.
 
[quote name='defiance_17']I agree, but it just goes to show how video games are becoming more and more a major part of the entertainment industry. This is the same thing that happens with music and movies--and the major studios/labels are able to make money by recycling the same garbage because 90% of the population is absolutely clueless. This goes without saying, but the only way to stop EA from pulling these stunts is to stop buying their games. And that's not going to happen.

I guess we'll just have to turn into video game hipsters by only playing indie games and spending a lot of time complaining about Major Developers and the ignorant "mainstream" gamers.[/QUOTE]

The problem is the lack of indie product and if it's there it's usually shit, at least the stuff from Gaijin. No offense but if XBLA indie stuff is any indication most of it is gimmicky shit period.
I'd rather play Doujin by Japanese. That's where "Melty Blood" came from after all.

Oh and before someone tries to say I'm saying ALL indie Western gaming product is shit that's not what I'm saying. I like "Alien Hominid" for one. I just think the Japanese have a better success rate in terms of quality with their Doujin.
If we want to know where good Indie is especially with a budget, look to Sega before Sammy bought them, specifically when it was nearing it's end on the DC. This is when we got JSR, Space Channel 5, Rez and Segagaga. The latter of these I'm told was Doujin to begin with.
 
[quote name='Trenchalicious']I always thought that was a girl, but someone told me it was a dude. Emo kids are way too $$$gy these days. I liked it better when they just wore black and sat it corners thinking to themselves.

Anyways, EA is a joke. They will buy anything they can whore out. They want to get their grubby paws on titles with a huge fanbase, then do as little work as possible and make endless sequels with no heart put into them. (How many Sims expansions have they put out? like 100. Madden hasn't been good for about 5 years.) They are nothing but bad for the consoles. I would much rather see Microsoft buy them like what was thought could happen months ago. I like to see games that are in development for more than 6-9 months... why? because those games have real fucking effort and heart put into them![/quote]
QFT!

As much as I love GTA, I really don't want to see GTA V coming out within the year. I think I would get tired of GTA of EA would keep releasing it yearly.
 
[quote name='Sarang01']The issue is most of the game franchises they get ahold of they turn to shit. They're also have almost no originality.
If everyone followed EA's example the gaming industry would be dead. They're hacks plain and simple.[/quote]

EA doesn't develop anything original but they do publish games that are very original or different. We have been bashing EA because they they were the first publisher to turn into what we saw as an eveil empire. I see Ubisoft more like that and Activision is milking almost every franchise. EA is now the one catching up with those two in terms of milking all franchises.
 
Yeah, EA every so often will create or publish something that pushes the boundary of the mainstream and conventional game that they're known for. Too bad they turn around and put out six pieces of crappy shit afterwards.
 
[quote name='Nifty_Shark']EA doesn't develop anything original but they do publish games that are very original or different. We have been bashing EA because they they were the first publisher to turn into what we saw as an eveil empire. I see Ubisoft more like that and Activision is milking almost every franchise. EA is now the one catching up with those two in terms of milking all franchises.[/quote]

Umm what? You kinda contradicted yourself in your first sentence. Catching up? EA has always been the king at milking franchises.
 
[quote name='Nifty_Shark']EA doesn't develop anything original but they do publish games that are very original or different. We have been bashing EA because they they were the first publisher to turn into what we saw as an eveil empire. I see Ubisoft more like that and Activision is milking almost every franchise. EA is now the one catching up with those two in terms of milking all franchises.[/QUOTE]



Well I definitely have to agree with not bashing EA. Basically, they've done their job, with games other than Madden. To me, Sega should be where EA is right now. We should be talking about Sega buying up developers, etc. But Sega is the one who ran their number one franchise into the ground. Virtua Fighter 5 [as good as it is] same game as 4, no new story, nothing really was new about it.

EA isn't perfect, but you have to tip your hat to them, because basically they did what they were supposed to do. Why couldn't Sega do it?!
 
[quote name='Nifty_Shark']EA doesn't develop anything original but they do publish games that are very original or different. We have been bashing EA because they they were the first publisher to turn into what we saw as an eveil empire. I see Ubisoft more like that and Activision is milking almost every franchise. EA is now the one catching up with those two in terms of milking all franchises.[/QUOTE]

You are kidding right? Name me anything art directionwise that matches "Panzer Dragoon", "Jet Set Radio", "Rez", "Gunvalkyrie". That doesn't even include the gameplay for some of the previously mentioned and then you have "Nights!". To be fair "Jet Set Radio" was the CLOSEST to a visual style explaining Hip-Hop anyone had gotten at the time. As far as I'm concerned it just summed up the culture visually. Sure there may have been at least a Raver look thrown in but Professor K and the others ARE Hip-Hop.
One of the ONLY games EA did something innovative with was "Majestic".
 
[quote name='Thomas96']Well I definitely have to agree with not bashing EA. Basically, they've done their job, with games other than Madden. To me, Sega should be where EA is right now. We should be talking about Sega buying up developers, etc. But Sega is the one who ran their number one franchise into the ground. Virtua Fighter 5 [as good as it is] same game as 4, no new story, nothing really was new about it.

EA isn't perfect, but you have to tip your hat to them, because basically they did what they were supposed to do. Why couldn't Sega do it?![/QUOTE]
What's funny about this whole thing is that it could of been prevented if EA just developed on Dreamcast in the first place. Since 2k started out on dreamcast. Now it's biting them back.
2k=VC=Sega Sports
The 2k series really got popular on dreamcast since it was really the only sports game available on there. There were those ESPN games by konami, but who bought those??
I really would get sick of GTA if it came out every year. I couldn't see EA even making something on the level of GTA Vice City and San Andreas.
 
[quote name='musha666']2K sports was overrated. Sorry. Play All Star Football and see how bad it is.

EA does good business. Its hard to fault them for that. Move to Cuba if you dont like that.[/quote]

Or play NBA 2K8 and see how awesome it is compared to the pile of shit known as Live. BTW, I prefer Madden over the 2K football games and I generally like most of EA's games, but they can't hold 2K's jock in basketball games.
 
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