EA terminates Take-Two takeover attempt
- Posted September 14th, 2008 at 18:15 EDT by Eric Blattberg
- 2,906 views
- 32 Comments
After seven months of discussion, debate and speculation, it's officially over. Take-Two will remain its own separate entity, instead of residing under EA's arching umbrella.
Take-Two's take on the situation was clear. “We remain focused on creating value for our stockholders and our consumers. This has been our goal since EA launched its conditional and unsolicited bid six months ago, a bid which was repeatedly rejected by our stockholders," read the official statement.
“Take-Two’s business has continued to strengthen since the time EA first made its offer. We have delivered terrific products to our consumers and we’ve been rewarded with very strong financial performance. We have an exciting future ahead of us, powered by our profitability, a significant cash position, the absence of debt, an undrawn credit facility and a terrific lineup of games. We are confident in the unique value of our business given our strong position in what is a growing and dynamic industry,” said Ben Feder, Chief Executive Officer of Take-Two.
EA, on the other hand, had the following to say. “EA is tracking toward a record breaking year," said John Riccitiello, Chief Executive Officer of EA. "We’re launching 15 new games including award-winners like SPORE, Dead Space and Mirror’s Edge, great new titles from the Sims, new family titles with Hasbro, and the highest quality slate of EA SPORTS titles on this generation of consoles. We’re also expanding beyond our core business with a series of direct-to-consumer launches including Warhammer Online.”
If that doesn't sounds like an aggravated 'we don't need you anyway,' I don't know what does.
Comments
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Fijiandoce |
Fijiandoce- 6:23pm BST - September 14th, 2008
- 1
yea GTA looks set to become greater next time around!! we dont need you EA, you and your cheap games!! boooo..
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swordmaster13 |
InvincibleSIKH- 6:26pm BST - September 14th, 2008
- 2
EA games are pretty good but other companies like IW and Activision take over EA. PSN ID: InvincibleSIKH add me ASAP
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NoMercy666 |
Ask me...- 6:30pm BST - September 14th, 2008
- 5
It's about time those morons stopped trying. T2 is owning without thier help. I want it to stay that way, which it will. Because any company in thier right mind would not sell to EA.
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tristan88888888 |
Tristan88888888- 6:37pm BST - September 14th, 2008
- 9
i personally like ea. but i dont think take two would have been better with them so im glad its over.
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zombieking36
- 6:52pm BST - September 14th, 2008
- 11
Take Two probably made one of their smartest moves in the industry by saying no. They make games people want, and as they said they are in a great position, and don't need to merge their talent with EA's just yet.
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shadow26 |
hanzel26- 7:23pm BST - September 14th, 2008
- 12
with the line "If that doesn't sounds like an aggravated 'we don't need you anyway,' I don't know what does."
I think psu is starting to finally develop its own personality, or at least have enough courage to add some of their own editorial thoughts to the news. I mean think of a website like kotaku, and then one like psu. If psu were as funny and enjoyable to read, it would be soo much better.
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sn-plazaskater |
Ryuuchi10- 11:51pm BST - September 14th, 2008
- 19
thank the lord...ea has taken down enough companies already glad to hear take two won't be one of them
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Blue Pharoh
- 5:41am BST - September 15th, 2008
- 25
Really, well GTA IV was a bigger let down than Haze to me. I no longer trust Take Two to pull off another great game period. Do people actually still play GTA IV? I'd rather give Saints Row 2 a shot, it looks like more fun. For that matter I'd rather play Haze again than be bored to death with T2's rip on the GTA series. Whatever, it's just my opinion, I'm not a sheep that's all I'm saying.
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PS3-The Ultimate Machine
- 6:20am BST - September 15th, 2008
- 26
"If that doesn't sounds like an aggravated 'we don't need you anyway,' I don't know what does"
ROFL,so true.
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ironflag55555 |
ironflag555- 8:48am BST - September 15th, 2008
- 28
ha im glad the big giant got rejected, N im sure this wont be the last time we will hear about this
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markwesker
- 10:20am BST - September 15th, 2008
- 29
haha good news for gamers,EA should not own everything
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Denali2 |
NEJI64- 12:54pm BST - September 15th, 2008
- 31
@15 & @22 i didnt like GTA4 and its no because it wasnt a PS3 exclusive GTA4 wass just boring. tell you the truth i didnt finish the game because i lost intereste in the game. plus you can do more stuff in San Anderes then you could in GTA4 only thing GTA4 have better is the city is more alive.
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