Publisher’s tough stance in response to EA’s takeover bid undermined
As the ‘will they won’t they’ saga surrounding EA’s proposed takeover of Rockstar-owning Take Two continues, two major Take Two shareholders have cut their stake in the publisher, Reuters reports.
Oppenheimer Funds has cut its stake from 23 per cent, or 8.8 million shares, to just 11.5 per cent, whilst FMR LLC’s stake has been cut from 14.7 per cent to 2.75 per cent.
Wedbush Morgan analyst Michael Pachter said of the move: "To the extent there was speculation that shareholders would band together and hold out for more money from EA, that's kind of shot down now.
"They are voting on this deal and they are voting with their feet. They know they have no leverage.”
Need a reminder of the key moments in this saga? Check out MCV’s timeline of events.
Advertisement
Comments
Online Pharmacy best pills dfg
http://confluence.public.thoughtworks.org/display/~buy-xanax-no-rx - xanax http://confluence.public.thoughtworks.org/display/~buy-tramadol-no-rx - tramadol http://confluence.public.thoughtworks.org/display/~buy-valium-online - valium http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-ambien-online-without-prescription-buy-ambien-10mg-5mg - ambien http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-xanax-online-buy-xanax-2mg-1mg - xanax http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-fioricet-online-without-prescription-buy-fioricet-cod - fioricet http://connections.blackboard.com/people/50273d6fc2 - tamiflu http://tapestry.formos.com/wiki/display/~buy-tamiflu-winthout-prescription - tamiflu http://boinc.vanderbilt.edu/CSB/view_profile.php?userid=5324 - ambien http://confluence.public.thoughtworks.org/display/~ativan4r5r - ativan http://confluence.public.thoughtworks.org/display/~buy-ambien-without-prescription - ambien
shakti matrix choreography revitalize earles relegated weak
Leave a Comment
HOT TOPICS
Xbox owners ‘defecting’ to PS3 31
HMV calms Modern Warfare concerns 28
Modern Warfare 2 already pirated? 26
First MW2 pre-orders arrive 16
Activision praises retail and promises fair play on MW2 14
Tesco sells Xbox 360 games for £3.97 10
EA: PES is struggling 9
LittleBigPlanet sequel looks unlikely 7
Activision: 'Guitar Hero as respected as Harley Davidson' 7
Mama takes on Modern Warfare 6
RELATED STORIES
EA offers to buy Take Two for $2bn 7
Riccitiello to Zelnick - that letter in full 6
EA launches Take 2 acquisition website 2
Take Two value leaps 47% 1
OPINION: Why EA’s purchase of Take Two is inevitable 7
ONLINE SPECIAL: EA and Take Two 2
EA CFO eyes up Take Two’s ‘diamonds’ 3
Take Two protects employees from EA takeover
GTAIV expected to sell 9m units 9
GTAIV masking ’recurring problems’ at Take Two 12
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets