EA's Take-Two Takeover Goes Hostile

*R-iZZy* · 03-13-2008, 02:46 PM

So Take-Two won't play nice with EA's buyout offer? That's fine by EA. Playing it nice was a courtesy, an act of politeness on their part, but in light of Take-Two's reluctance (and some would say greed), they've now no other option. It's (apparently) time to go hostile, and appeal directly to Take-Two's shareholders. The Wall Street Journal report that EA's takeover payout to shareholders will be...$26 per share, exactly what was offered to Zelnick & co. the first time around. There's been no comment as of yet from anyone at either Take-Two or EA regarding the matter.

UPDATE - OK, it's now official. EA boss John Riccitiello:

This is a great opportunity for Take-Two shareholders. We believe Take-Two investors will see our tender offer as the best way to maximize the value of their investment in Take-Two. This tender offer provides a clear process to complete the proposed transaction. For EA shareholders, the combination would add additional intellectual properties to our already strong portfolio and welcome Take-Two's talented creative teams to the great development organization we've built at EA.

SOURCE

03-13-2008, 02:46 PM	#1
R-iZZy The Long Con Join Date: Jul 2002 Location: G'ville, FL (Gator Country), USA Posts: 3,007	EA's Take-Two Takeover Goes Hostile So Take-Two won't play nice with EA's buyout offer? That's fine by EA. Playing it nice was a courtesy, an act of politeness on their part, but in light of Take-Two's reluctance (and some would say greed), they've now no other option. It's (apparently) time to go hostile, and appeal directly to Take-Two's shareholders. The Wall Street Journal report that EA's takeover payout to shareholders will be...$26 per share, exactly what was offered to Zelnick & co. the first time around. There's been no comment as of yet from anyone at either Take-Two or EA regarding the matter. UPDATE - OK, it's now official. EA boss John Riccitiello: This is a great opportunity for Take-Two shareholders. We believe Take-Two investors will see our tender offer as the best way to maximize the value of their investment in Take-Two. This tender offer provides a clear process to complete the proposed transaction. For EA shareholders, the combination would add additional intellectual properties to our already strong portfolio and welcome Take-Two's talented creative teams to the great development organization we've built at EA. SOURCE __________________ Last edited by R-iZZy; 03-13-2008 at 03:21 PM.