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View Full Version : EA's take-two takeover plan goes hostile


evox
03-13-08, 07:32 AM
Electronic Arts has officially begun a tender offer for all of outstanding shares of common stock of Take-Two.

The company is offering USD 26 per share in cash, and is valued at approximately USD 2 billion – a 64 per cent premium of Take-Two's stock price on February 15, the last day of trading before EA made its revised bid to acquire the company.

"This is a great opportunity for Take-Two shareholders," commented John Riccitiello, CEO of EA. "We believe Take-Two investors will see our tender offer as the best way to maximise the value of their investment in Take-Two.

http://www.gamesindustry.biz/content_page.php?aid=34085

BioHazZarD
03-13-08, 08:01 AM
haha no way will they sell out that would be suicide.

|MaguS|
03-13-08, 08:54 AM
haha no way will they sell out that would be suicide.
I dout it, EA is offering ALOT of money and many investors were already mad when Take2 declined the first offer.

Madpistol
03-13-08, 09:00 AM
If they decline that offer, it will be for personal reasons. A 64% increase in bid value is a very generous offer.

I don't think take-two will bite though.

|MaguS|
03-13-08, 09:20 AM
I don't think take-two will bite though.
It's not up to Take2, They are a public company. If their shareholders sell their stock to EA they have nothing... and trust me... many will sell.

EA might not own all of them but they might end up with the controlling share.

Buio
03-13-08, 10:15 AM
If they decline that offer, it will be for personal reasons. A 64% increase in bid value is a very generous offer.
I don't think take-two will bite though.


According to what I read on Fudzilla, it was a generous offer before but atm Take Two are trading for $25 which makes the offer less generous now. But of course the bids from EA has triggered a huge rise of TT's stock, if it wasn't for the previous bid the stock wouldn't be valued as high. Anyway, a title like GTA IV isn't gonna diminish Take Two's value.

http://finance.yahoo.com/q?s=TTWO

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http://finance.yahoo.com/q/bc?s=TTWO&t=6m&l=on&z=m&q=l&c=