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Riccitiello: ‘Take Two bid is all about Rockstar’

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Riccitiello: ‘Take Two bid is all about Rockstar’

EA CEO dismisses importance of 2K Sports as publisher closes in on acquisition

Electronic Arts CEO John Riccitiello has said that Rockstar is the publisher’s “primary interest” in its bid to acquire Take Two.

EA’s buyout of Take Two became a much stronger possibility yesterday – as the US mega-publisher went ‘hostile’ by approaching individual shareholders with a tender offer of $26 per share.

Analysts and Wall Street observers have both predicted that Take Two stakeholders will find the offer very tempting, despite the company’s Board urging its investors to ‘take no action’ over the interest.

Many have speculated that EA’s interest had much to do with the chance to win the rights and personnel behind 2K’s Sports games, but Riccitiello called that benefit a “secondary consideration”.

Speaking to BBC News, Riccitiello said:

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"The big headline here is that our primary interest is in Rockstar and the intellectual properties around Rockstar… Sports games are secondary consideration here.

He added: “In case of Rockstar I would point out that the leaders are young, vibrant, they're talented and committed… And what we have got right now is a corporate issue that has nothing to do with the people who build these games.

"I believe the company is fully justified in calling themselves Rockstar because that's what they are in this industry."

Where is Microsoft??

posted by Chuck Norris Mar 14, 2008 at 9:59 am
1
Chuck Norris

I am sorry but if anyone should put in a bid it should be Microsoft NOT EA!!

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Re: Where is Microsoft??

posted by Mar 14, 2008 at 10:12 am
2

SHUT UP CHUCK!!!

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Re: Where is Microsoft??

posted by Brighton retailer Mar 14, 2008 at 10:43 am
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Brighton retailer

Chuck! I reckn E.A. has this one tied up, I'm afraid. Youre beloved Microsoft will have to look elswhere. By the way, do you write for a games site by any chance? Your prose seems familiar. If so, remind me to avoid it.

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That goes without saying

posted by Mike Mar 14, 2008 at 12:43 pm
4
Mike

Surely nobody thought for a minute that EA was thinking about any other property other than Rockstar or GTA. Of course they'll take any and all properties that will come from this aquisition but it has to be all about collect the profits from GTA

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