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New investor snaps up 5% of Take Two

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New investor snaps up 5% of Take Two

Hedge fund company buys chunk of EA-fancied Rockstar parent

Hedge fund SAC Capital has reported that it now owns a 5.3 per cent stake in Take Two.

The firm said in an SEC that it had acquired 4.1 million shares, worth about $108 million, for investment purposes.

Earlier this month, EA extended its $2 billion takeover offer for Take Two until July 18th to allow the Federal Trade Commission to review the deal on antitrust grounds.

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Smithy

posted by smithy@hotmail.com Jun 26, 2008 at 10:58 am
1
smithy@hotmail.com

Hopefully, SAC Capital will be able to prevent EA from taking over Take Two, and giving it the kiss of death. I don't remember the last time EA came up a great new idea. It's been the same old milking of their annual franchises of Madden and FIFA, with small incrementals in quality. I am fed up with EA's rubbish.

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Re: Smithy

posted by ChrisM Jun 26, 2008 at 6:34 pm
2
ChrisM

smithy?
who's to say that SAC hasn't bought the shares to get a piece of that 2 billion dollar pie when EA does buy Take 2, matter of fact who's to say SAC Capital hasn't bought the shares to partner with EA to push acquisition?????

don't count your chickens before they hatch friend.

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Re: Re: Smithy

posted by brian Jun 26, 2008 at 10:30 pm
3
brian

Listen up, EA is destroying video games if you remember they bought the rights to golden eye 007 from rare and then the game tanked they bought the rights to nascar, all NFL and college football titles fifa and other titles like the burnout franchise, they also tried to by out ubisoft but they did not let that happen. people wake up they are ruining video games, they are taking away our options to play what we want i dont know about you but i don't like to be told what to play. They went to the NFL because of fear from 2Ksports and bought the rights for a cool billion dollars. now that the 5 year exclusive deal is about to be over they want to buy take 2 who by the way publishes 2Ksports titles along with GTAIV they are not trying to improve these companies they are doing this out of fear of competition. they are monopolizing video games and controlling what we play. so in closing just remember the day when you had titles from different companies not just 1. different isn't bad it spurs innovation and makes sure that we don't get mediocre games like nascar, the James bond series, and don't forget the Madden series these football games have not gotten any better in my opinion they hype you up just for the big let down. unrealistic football is what i'm talking about these types of things just dont happen in REAL football just take a look at the 2Ksports franchise and you tell me arcadey or simulation. you should have a little knowledge of football before you should be able to win a game....

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Re: Re: Re: Smithy

posted by mmm Jun 27, 2008 at 8:27 am
4
mmm

just fed up with these anti-big-boy thinking. rubbishhhhh...

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