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WOW EA is really trying to bone us this yr

eck979
02-25-2008, 03:32 PM
First the NFL extension.. now this :(

http://multiplayerblog.mtv.com/2008/02/24/pachter-says-ea-purchase-of-take-two-inevitable/

SOBAY310
02-25-2008, 04:26 PM
Geezus H.

I hate people.

KEEBS1984
02-25-2008, 04:33 PM
Consolidation. . .

It's a popular word in today's gaming world. :( I used to like indy studios. . .

greg1184
02-25-2008, 07:15 PM
http://kotaku.com/assets/resources/2008/02/ea_takeover.jpg

Nexgenrulz
02-25-2008, 07:16 PM
I hate EA with a passion

They are slowly ruining the gaming industry. I Concur. I've made a commitment not to purchase any of their games this year. They can kiss my @ss.

kamspy
02-25-2008, 08:49 PM
Yeah, if I ran a business, I would want it to fail and do poorly too.

j/k


As long as EA only publishes, things should be fine.

Don't forget Infinity Ward was once 2010 under the EA umbrella and they left. EA is just buying names and IPs. The devs can leave.

pappylap
02-25-2008, 09:36 PM
Madden 08 outsold Halo3, Bioshock, Cod4, Assassins creed, and Mass effect, despite being a very inferior game. Just what EA was banking on when they bought exclusive rights.......:(

KEEBS1984
02-25-2008, 10:12 PM
Madden 08 outsold Halo3, Bioshock, Cod4, Assassins creed, and Mass effect, despite being a very inferior game. Just what EA was banking on when they bought exclusive rights.......:(

That's not true. . .

Across all platforms Madden 08 has sold just about 6 million copies.

Halo 3 has sold 7.5 million copies.

railven
02-26-2008, 08:36 AM
First the NFL extension.. now this :(



You guys read Take Two's response?

gamepolitics(dot)com/2008/02/24/breaking-take-two-fires-back-at-ea/

Now it seems Take Two is going down the same road Yahoo! is going, that shareholders aren't given their choice in voting yes or no.

gamepolitics(dot)com/2008/02/25/marketwatch-columnist-did-t2-management-put-self-interest-ahead-of-shareholders/

Interesting to see how it all works out. Imagine, EA owning the rights to GTA.

SOBAY310
02-26-2008, 05:15 PM
http://www.cnn.com/2008/TECH/ptech/02/26/electronic.arts.ap/index.html



NEW YORK (AP) -- The company behind the hugely popular video game "Grand Theft Auto" says it is not going to jump at a $2 billion buyout offer from Electronic Arts Inc.

The offer is "the wrong price at the wrong time," Take-Two Interactive Software Inc. chief executive Ben Feder said Monday, after the news of the $26-per-share bid sent Take-Two's shares up 55 percent to a $26.89 close.

Electronic Arts is undervaluing Take-Two and not factoring in the benefits of its recent turnaround efforts, Feder said in an interview. Take-Two said it is open to discussions with EA, but wants to wait until April 30, the day after the latest version of Grand Theft Auto hits store shelves.

But analysts said Take-Two may not have the luxury of time. While Take-Two wants a higher price, EA could make this bid hostile, or walk away and come back with a lower offer, they said.

"There can be no certainty that in the future EA or any other buyer would pay the premium we are proposing today," EA's CEO John Riccitiello said during a conference call.

"We believe our proposal is fully priced," he said. Since "Grand Theft Auto IV" should by now be essentially complete, he added, the buyout bid "would not jeopardize the development of this incredibly important title."

GTA has sold more than 65 million copies in the decade since the first game in the series, where players complete gritty crime missions to rise to the top.

EA's offer represents a 64 percent premium over Take-Two's closing stock price of $15.83 on February 15, the last trading day before the company made its latest proposal, privately, to Take-Two. EA, which said it has been in talks with Take-Two on and off for about a year, offered $26 per share on February 19, after Take-Two rejected a $25-per-share bid four days earlier. EA went public with the higher bid on Sunday.

Citi Investment Research analyst Brent Thill said EA "may be willing to pay slightly, but not materially, higher than its current offer."

While much of Wall Street's and gamers' focus Monday was on Grand Theft Auto, Michael Pachter, an analyst with Wedbush Morgan Securities, said it's Take-Two's sports business that would be the most lucrative for EA.

"The whole world seems to think this is GTA and nothing else," he said, adding that the franchise "is the best asset for everybody except EA."

"For EA, the best asset is sports," he said. "And that's why there won't be a higher offer [from another company]. No one else will value sports higher."

EA, which owns the Madden NFL and FIFA Soccer franchises, would round out its holdings with Take-Two's baseball, basketball and hockey titles to dominate the sports game arena.

Even if EA wins Take-Two, it isn't clear whether the brothers who helped create "Grand Theft Auto" will stay on. Sam and Dan Houser, who lead Take-Two's Rockstar Games label, are under contract with the company only until next year. Sam Houser could not be reached for comment Monday and Take-Two would not comment on what it said was a confidential matter.

Thill said, however, he thinks there is "considerable value" for a development studio to tap into EA's financial, marketing and distribution resources.

Josh Resnick, the co-founder and general manager of Pandemic Studios, which EA recently acquired along with BioWare Corp. for $860 million, agreed. He said Riccitiello quickly allayed concerns about the studio being able to maintain creative control and independence.

"John is one of those rare executives in the games industry who really gets it," he said.

Since taking EA's helm a year ago, Riccitiello has reorganized the company into a "city-state model," with four divisions and distinct, independent studios. His vision, Resnick said, has allowed studios like Pandemic to "have the freedom and flexibility to do what they need to do to make great products."

Feder and ZelnickMedia Chairman Strauss Zelnick took Take-Two's helm last year after a March shareholder coup ousted most of the company's top executives and board members over poor results, accounting troubles and controversy surrounding violent and sexual content in the company's games.

Several former Take-Two executives, including Chairman and CEO Ryan A. Brant, pleaded guilty in 2007 to falsifying business records in connection with a probe into backdated stock options.

Shares of Electronic Arts fell $2.60, or 5.2 percent, to close at $47.14.

gameguru1360
02-26-2008, 05:56 PM
yep EA killed the Nascar franchise. I remember with the original xbox, there were a few studios that produced other Nascar-like titles, but then after EA consumed the market, I stopped buying EA-Nascar titles. There was this one Nascar title that had much smoother graphics than the EA version and allowed up to 4 players on 1 xbox console at a time. There was even a full arcade version at Universal City Walk in Universal City, CA

pappylap
02-26-2008, 08:45 PM
Im sorry Keebs, I have looked through the last 2 copies of GI where I thought I saw a chart showing Madden 08 overall sales in excess of all the titles I listed but now I cant find it... I must have dreamed it, but I distictly remember my jaw dropping open in disgust when I saw the Madden sales numbers......I hope the 2K boxing title will be great...(said with fingers crossed)

pappylap
02-27-2008, 03:43 PM
Guess I wasnt dreaming after all, GI March edition page 19 chart was about Madden 07 however total sales through Nov 07' 7.5 Million copies on all platforms.....my mistake........:o