Tag Archives: take two

We didnt fancy Take Two, says Kotick

Activision’s chief executive Bobby Kotick has spoken out on EA’s audacious bid for Take Two for the first time – stating that he wasn’t tempted to acquire the Grand Theft Auto publisher at any stage. Kotick added that he thought consolidative moves from the like of EA were a direct …

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Zelnick: Consolidation is inevitable

Take Two executive chairman Strauss Zelnick has stated the the success of the industry will see further publisher consolodation this year. However, Zelnick, who this week turned down a $1.9 billion bid for the publisher from EA, added that it is still possible for Take Two to remain independent. I …

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OPINION: Why EAs purchase of Take Two is inevitable

In the wake of EA’s shock announcement of its move to acquire Rockstar owner Take Two, Wedbush Morgan Analyst Michael Pachter has stated that, in his opinion, the deal is now inevitable. We think that EA has two choices – beat ‘em or join ‘em,” he said. They are attempting …

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Take Two value leaps 47%

Take Two’s pre-market stock valuation enjoyed a huge 46.9 per cent increase this morning, following news of EA’s bid for the firm . Shares of Take Two rose to $25.50, up from Friday’s Nasdaq close of $17.36. MCV broke the news of EA’s bid yesterday, which totalled $1.9 billion. Optimism …

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EA launches Take 2 acquisition website

As part of its freshly announced intentions to snap up Rockstar (and thus Grand Theft Auto) owner Take 2, EA has launched a new website dedicated exclusively to the news. The main text of the open letter from EA CEO John Riccitillo can be found here. Elsewhere on the site, …

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EA offers to buy Take Two for $2bn

Electronic Arts has made public an offer to acquire rival publisher Take Two for around $2bn, revealing that the two have been in talks to merge, although the GTA publisher has so far spurned EA’s advances. The all cash merger has been proposed by EA CEO John Riccitiello at $26 …

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Riccitiello to Zelnick – that letter in full

Following on from the news that EA would like to buy Take Two, we’re publishing in full the letter from Electronic Arts CEO John Riccitiello to Take Two exec chairman Strauss Zelnick outlining why the merger would be beneficial to all: February 19, 2008 Mr. Strauss ZelnickExecutive Chairman of the …

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Viacom to buy Take Two for $1.5 billion?

The entertainment giant headed by Sumner Redstone is owner of MTV, Nickelodeon, Paramount Pictures and Dreamworks Studios. Annual group revenues are over $11 billion. MCV understands that Viacom has made an offer of $23 a share for the games company behind blockbusters such as Grand Theft Auto and Bioshock. Last …

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Ellingford steps down at Take 2

After ten years at the publisher, MCV can reveal that James Ellingford has left Take 2. While he relinquishes his full time role, he will continue at the publisher as a consultant. Ellingford’s departure comes after a turbulent period for the publisher, which has made widespread staff cuts and sold …

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