A while back, EA made a bid to acquire Take-Two, and ultimately nothing came of it. Well, almost nothing. According to All Things Digital, the Securities and Exchange Commission has busted an insider trading ring that included traders making bank on the failed deal. The SEC says that Matthew Devlin, formerly a Lehman Brothers broke, gained [...]
Continue reading...Thursday, December 4, 2008
By now, I think it’s pretty safe to say Eidos is likely going to be bought out by another company. The initial reports linked both Electronic Arts and Ubisoft to the ailing publisher, but since then two other companies have expressed interest. One of them, Warner Bros., makes perfect sense. The company already owns part of [...]
Continue reading...Monday, August 18, 2008
Holy sweet mother of Strauss Zelnick! Is it the Ragnarök? Does this spell the end for all mankind? Probably not, but this may actually spell the end for one of the industry's longest-running potential takeovers. EA announced this morning that they would be allowing their longstanding tender offer for shares of Take-Two Interactive to expire [...]
Continue reading...Monday, July 21, 2008
You know the drill. The new deadline is August 18th.
Continue reading...Monday, May 19, 2008
It never ends! Electronic Arts' "deadline" for their tender offer to Take-Two Interactive's shareholders has come and gone -- again -- prompting EA to extend the deadline -- again. Take-Two, in response, has advised its shareholders to remain firm and refuse the offer -- again. Honestly, I could more or less copy and paste the [...]
Continue reading...Friday, May 9, 2008
Reuters is reporting that Electronic Arts has secured a billion dollars in loans from Morgan Stanley, among others, in order to finance its ongoing efforts to acquire Take-Two Interactive. EA's bid, still standing firm at roughly $2 billion, has been on the table for three months now, and has seen increasingly bold tactics on both [...]
Continue reading...Friday, April 18, 2008
Following yesterday's annual shareholders' meeting by Take-Two Interactive, Electronic Arts has modified its existing tender offer, which was originally scheduled to expire today.
Continue reading...Wednesday, April 16, 2008
Variety, citing sources "close to Take-Two Interactive," is reporting that Grand Theft Auto IV is predicted to sell over 6 million copies in its first week. This would make Rockstar's newest crimefest a record-holder, outstripping Halo 3, which sold around 5 million copies.
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Saturday, December 20, 2008
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