First of all, late news is late. Sorry. (blame RL issues)
As some of you may or may not know, EA's been trying to acquire Take-Two. Naturally, Take-Two's management pretty much declined the offer, calling it under-valued, and offered to re-open negotiations the day AFTER GTAIV was released. Not pleased, EA then decided to pretty much attempt a hostile take-over by proposing directly to the shareholders. Basically, for those of you unaware of how a hostile take-over works; if Take-Two's shareholders give EA a combined 51% of Take-Two's stocks, then EA gets Take-Two. No ifs, ands, or buts. The price per share was at 26 bucks, but has since been lowered to 25.74 bucks. (due to Take-Two getting more shares, so EA had nothing to do with the lowered price) Also important is the fact that EA extended the deal twice, it's current expiration date is May 16th.
Last known, EA has around 8.3% of Take-Two stocks.
Most current article pertaining to this event is here, and I will update as needed.
Personal opinion: Well EA's been getting a little better, but I really don't want them getting Take-Two. Nevermind the fact that the only Take-Two products I have are Bioshock and ESPN NFL 2K5. (which explains my vendetta against EA Sports, which also ties into this deal as if Take-Two goes then EA will have pretty much literally NO competition in the sports games area, with the exception of Sony's MLB games) |
