Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 25 February 2008 10:49

EA makes bid for Take-Two

Written by David Stellmack

Image

Give us your Grant Theft Auto


In a surprise move Electronic Arts had made an unsolicited offer to purchase Take-Two Interactive Software, the publisher of the highly successful Grant Theft Audio video games franchise.  EA reportedly is offering Take-Two a deal worth approximately $2 billion, or $26 per share.  This offer comes on the heels of an earlier offer that EA made Take-Two of $25 per share, which offer expired last Friday.  EA has said that it will hold a conference on Monday morning, February 26th, to discuss the offer.

Grand Theft Auto IV is due to be released in April of this year and presumably will have huge profits, as have its other games.  Its series of games have become progressively violent and scandalous, according to some in U.S. Congress who are pushing for more oversight and internal control of the games’ content, to the point of removal from shelves of video stores.  Takeover by EA could work in Take-Two’s favor, in that EA has a reputation for more morality in its games and control of content, a definite PR advantage that Take-Two shareholders could benefit from.

And, EA has a huge distribution network and marketing machine already in place that Take-Two does not have.  EA is definitely wooing the shareholders with its buyout offer and intends to exert maximum pressure on the Board of Directors of Take-Two to accept the offer. However, Take-Two is in stable financial condition and is not really in any dire straits to be acquired.

It will be interesting to watch what happens.

Last modified on Monday, 25 February 2008 10:59
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments