Take 2 Board: No alternative to sale

http://www.mcvuk.com/news/26268/Take-2-Board-No-alternative-to-sale

Sell-off of US publisher expected to be agreed by shareholders.

An acquisition of Take 2 looks increasingly likely following a statement by the US publisher pointing out that an alternative course of action has yet to be found.

That statement comes ahead of its AGM on Thursday (March 29th) - which had been postponed for just under a week while the Board of Directors investigated the company's future strategy. The Board just last week urged shareholders to consider their options before any sales was agreed.

However, an alternative to a sell-out now looks unlikely, with the statement yesterday offering: "The Board of Directors now believes that it is unlikely to present alternative courses of action prior to the annual meeting... The company is continuing to have discussions with representatives of the shareholder group."

http://biz.yahoo.com/bw/070328/20070328006090.html?.v=1

Take-Two Interactive Software, Inc. to Webcast Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Take-Two Interactive Software, Inc. (NASDAQ: TTWO - News) announced today that the Company will provide a live listen-only simulcast of the Annual Meeting of Stockholders on Thursday, March 29, 2007 at 4:00 p.m. EDT. The simulcast will be available via the internet only by visiting http://ir.take2games.com/.

i bet money that apple is one of the bidders..

I don't know what all this drama is about but I think when that trailer launches in about 15 minutes some people are going to be extremely upset. 

Won't be me cause I have a PS3 and a 360.

I don't know what all this drama is about but I think when that trailer launches in about 15 minutes some people are going to be extremely upset. 

Won't be me cause I have a PS3 and a 360.

 

-CMG-

if I understand this correctly the shareholders can still bid on who to give the sale to right??

If I was a shareholder I'd make sure it didn't go to MS or Sony because that would mean they would only produce the games exclusivly for their system which would inturn mean less profits for Take 2.

Anybody know what take 2 would actually be going for???  I've heard that MS isn't really interested in buying it and I don't think sony has the liquid assets (also they don't seem to be in the business of buying out publishers/develpers).

Highest bidder = EA. Quote me. TekkenMaster606

Highest bidder = EA. Quote me. TekkenMaster606

Highest bidder = EA. Quote me. TekkenMaster606

It could be a company not even involved with gaming.

[QUOTE="TekkenMaster606"]Highest bidder = EA. Quote me. thriteenthmonke

 No I think that for 1.2 billion EA might not want to go in a battle with microsoft. Microsoft will want this bad as if they can make GTA IV exclusive to 360 Sony will lose this entire holiday season which means Microsoft sells millions of 360s while Sony doesnt. In the long run the profits and other benefits will entice Microsoft to buy take two. EA already owns everything and probably wants GTA but 1.2 billion is alot of money, even EA will not be happy spending that much money as the benefit to them is much lower than to someone like microsoft who will not only benefit form software sales but hardware sales.

EA will get it. I'm almost sure.

I wish they didn't have to sell though.

if I understand this correctly the shareholders can still bid on who to give the sale to right??

If I was a shareholder I'd make sure it didn't go to MS or Sony because that would mean they would only produce the games exclusivly for their system which would inturn mean less profits for Take 2.

Anybody know what take 2 would actually be going for???  I've heard that MS isn't really interested in buying it and I don't think sony has the liquid assets (also they don't seem to be in the business of buying out publishers/develpers).

jrhawk42

MS and sony would never bid, they would suffer huge loss, since they would be a publisher in only one system, since i do not see them publishing games on rival's platforms, so will never happen

[QUOTE="TekkenMaster606"]Highest bidder = EA. Quote me. TheSpidren

Ive bashed heads before with TekkenMaster but right now

TekkenMaster > You

No offense but it doesnt really make sense for anybody to buy take 2 for a first party developer.  The amount of money Microsoft would lose from buying them, lost projects, scraped games, etc.....Would be astronomical and would probably never be made up.

EA will get it. I'm almost sure.

I wish they didn't have to sell though.

the-very-best

People have to remember, some of that money that sits on the board at Microsoft, does not really understand how the video game industry really operates. They may take a look at that Rare acquisition and think. 'Hey, this may not be such a great deal after all..."

The money at EA though. Well, this is the kind of thing they eat up.  

[QUOTE="the-very-best"]

EA will get it. I'm almost sure.

I wish they didn't have to sell though.

TekkenMaster606

People have to remember, some of that money that sits on the board at Microsoft, does not really understand how the video game industry really operates. They may take a look at that Rare acquisition and think. 'Hey, this may not be such a great deal after all..."

The money at EA though. Well, this is the kind of thing they eat up.

It would make a lot of sense for EA to buy it. They'd have practically no competition in the sports games market. 

[QUOTE="TekkenMaster606"][QUOTE="the-very-best"]

EA will get it. I'm almost sure.

I wish they didn't have to sell though.

the-very-best

People have to remember, some of that money that sits on the board at Microsoft, does not really understand how the video game industry really operates. They may take a look at that Rare acquisition and think. 'Hey, this may not be such a great deal after all..."

The money at EA though. Well, this is the kind of thing they eat up.

It would make a lot of sense for EA to buy it. They'd have practically no competition in the sports games market.

Exactly, and I think that 2K8 Football game would still be released. Trust me, if a bidding war happens, Microsoft won't want to mess with EA. They have more to gain.

This would benefit everyone, because you know that EA would probably bring a Grand Theft Auto game to the Wii, the DS, and maybe even a new game to the Playstation 2 (GTAIV port?).  

I dont even get it why they want to sell it? Take2 taking a loss? not with gta i think. 

Well i guess its the money hungry shareholders that has endless pockets to fill up. 

[QUOTE="TheSpidren"][QUOTE="TekkenMaster606"]Highest bidder = EA. Quote me. MasterChumly

Ive bashed heads before with TekkenMaster but right now

TekkenMaster > You

No offense but it doesnt really make sense for anybody to buy take 2 for a first party developer. The amount of money Microsoft would lose from buying them, lost projects, scraped games, etc.....Would be astronomical and would probably never be made up.

[QUOTE="MasterChumly"]

[QUOTE="TheSpidren"][QUOTE="TekkenMaster606"]Highest bidder = EA. Quote me. supermechakirby

Ive bashed heads before with TekkenMaster but right now

TekkenMaster > You

No offense but it doesnt really make sense for anybody to buy take 2 for a first party developer. The amount of money Microsoft would lose from buying them, lost projects, scraped games, etc.....Would be astronomical and would probably never be made up.

Put your fanboyism aside, the man has a point. 

[QUOTE="MasterChumly"]

[QUOTE="TheSpidren"][QUOTE="TekkenMaster606"]Highest bidder = EA. Quote me. supermechakirby

Ive bashed heads before with TekkenMaster but right now

TekkenMaster > You

No offense but it doesnt really make sense for anybody to buy take 2 for a first party developer. The amount of money Microsoft would lose from buying them, lost projects, scraped games, etc.....Would be astronomical and would probably never be made up.

You win at business! 

You'll all say i'm stupid but i think that right now Nintendo has a fair bit of money sitting around and seem to be pursuing more 'mature' games. Also, they've always loved surprises so i think it's possible they put in a bidBisset

MS isnt as rich as people think, look the fortune 500 global sony is at 60 something and microsoft is at like 120 somethingMe_Ur_Daddy_

[QUOTE="TekkenMaster606"]Highest bidder = EA. Quote me. cterry04

Highest bidder = EA. Quote me. TekkenMaster606

[QUOTE="MasterChumly"]

[QUOTE="TheSpidren"][QUOTE="TekkenMaster606"]Highest bidder = EA. Quote me. supermechakirby

Ive bashed heads before with TekkenMaster but right now

TekkenMaster > You

No offense but it doesnt really make sense for anybody to buy take 2 for a first party developer. The amount of money Microsoft would lose from buying them, lost projects, scraped games, etc.....Would be astronomical and would probably never be made up.

Hearing this from someone who thinks KI is making a come back. :lol: Someone obviously doesn't know how the business works.

If EA bought it then thats a blow for third party creativity right there. But yes the strongest bidder would probably be EA. although I'd lol hard if it was Ubisoft.. After all ubisoft have said countless times how they want to take the vrown from EA. This would be the perfect chance to do so.Shazenab

Because we all know that Criterion and Maxis are really constrained when it comes to creativity. :roll: 

[QUOTE="Shazenab"]If EA bought it then thats a blow for third party creativity right there. But yes the strongest bidder would probably be EA. although I'd lol hard if it was Ubisoft.. After all ubisoft have said countless times how they want to take the vrown from EA. This would be the perfect chance to do so.TekkenMaster606

Because we all know that Criterion and Maxis are really constrained when it comes to creativity. :roll: 

[QUOTE="thriteenthmonke"][QUOTE="TekkenMaster606"]Highest bidder = EA. Quote me. Igwababa

No I think that for 1.2 billion EA might not want to go in a battle with microsoft. Microsoft will want this bad as if they can make GTA IV exclusive to 360 Sony will lose this entire holiday season which means Microsoft sells millions of 360s while Sony doesnt. In the long run the profits and other benefits will entice Microsoft to buy take two. EA already owns everything and probably wants GTA but 1.2 billion is alot of money, even EA will not be happy spending that much money as the benefit to them is much lower than to someone like microsoft who will not only benefit form software sales but hardware sales.

[QUOTE="TheSpidren"][QUOTE="TekkenMaster606"]Highest bidder = EA. Quote me. MasterChumly

Ive bashed heads before with TekkenMaster but right now

TekkenMaster > You

No offense but it doesnt really make sense for anybody to buy take 2 for a first party developer. The amount of money Microsoft would lose from buying them, lost projects, scraped games, etc.....Would be astronomical and would probably never be made up.

Personally i would absolutely love MS to buy them, the response by sony would be absolutely priceless!!!

Just imagine how crazy ken and phil harrison would spin it....:lol: