Tag Archives: strauss zelnick

EA will allow its latest offer for Take Two to expire tonight after Electronic Arts accepted Take Two’s offer of a management presentation to its suitor containing non-public information. An exchange of letters between EA CEO John Riccitiello and executive chairman of the board of directors of Take Two Strauss …

EA CEO John Riccitiello has said that, as far as game content goes, his investors don’t give a shit about quality”. Riccitiello was speaking in an E3 interview with Venture Beat, in which he also asserted that Metcritic scores were a good way to judge the quality of EA’s games …

Take Two executive chairman Strauss Zelnick warned his rivals that the company’s success in 2008 was just an hors d’oeuvre” at the firm’s press conference in LA this morning. However Zelnick didn’t mention EA’s acquisition bid for the company in his opening speech – but there’s still time for him …

Take Two executive chairman Strauss Zelnick has told a crowd at New York’s Piper Jaffray conference that the publisher is keen to introduce microtransactions into its biggest titles as part of a new moneymaking online push. Speaking to a room full of investors, Zelnick said the publisher is testing in-game …

Ubisoft is perfectly placed to snatch Take Two from under EA’s nose in a shock merger – and may well have a very keen eye on the publisher’s sports portfolio. That’s according to respected business bible Forbes, which today fingered the French firm as a possible contender to EA in …

The full transcript of Take Two’s Q2 earnings call is available online now. In the call, the company’s management team discusses why it predicts 2K Sports won’t make a profit this year, the potential of the Far Eastern MMO market and the possibility of releasing a rhythm action title to …

Take Two has forecast that its 2K Sports label will make a loss this year – predominant because its sports titles haven’t fared well in terms of attach areta on 360 and PS3. The company expects the label to make 15 per cent of its total FY revenues for 2008, …

Take Two executive chairman Strauss Zelnick has refused to rule out the creation of a Guitar Hero-style title from the US publisher. Speaking in an earnings call following Take Two’s successful Q2 fiscal results, executive chairman Strauss Zelnick was asked if Take Two would add a rhythm action title to …

Take Two has raised its FY2008 fiscal after a stunning second quarter that saw a $149m year-on-year rise in profits. The firm reported net revenues of $539.8 million for the quarter ended April 30th, compared to $205.4 million a year before. Quarterly net profit stood at $98.2 million, up $149.4 …

Electronic Arts has secured a loan of $1 billion to support its bid for Take Two, which is due to be concluded this Friday . In a form filed with the SEC, EA said that it had received a commitment for up to $1 billion in ‘senior unsecured term loan …