RSS 12:12pm EDT Fri 5th Sep 2008 457 online (162 members & 295 guests) PSU.com: News - -Take-Two rejects EA's offer - Willing to negotiate
AllPS3PSPPS2
Register | Why sign Up? Forgot password?

New PSU Articles

See Also

This article has been read 1,934 times

Take-Two rejects EA's offer - Willing to negotiate

Posted on February 24th, 2008 at 23:27 EDT

Recently videogames giant Electronic Arts proposed a $2 billion deal to acquire Take-Two Interactive.

EA’s Chief Executive Officer John Riccitiello explains how the deal could have been beneficial for both EA and Take Two:

"Our all-cash proposal is a unique opportunity for Take-Two shareholders to realize immediate value at a substantial premium, while creating long-term value for EA shareholders. Take-Two's game designers would also benefit from EA's financial resources, stable, game-focused management team, and strong global publishing capabilities."

If it went through, EA would have gained control of yet another bundle of powerhouse studios such as Rockstar Games and 2K Games, both of which run under Take-Two Interactive. To EA’s surprise, Take-Two has rejected the offer detailing that it was just bad timing. This does not mean complete rejection as Take-Two is willing to enter into negotiations once again starting April 30, 2008, the day after Grand Theft Auto IV releases.

Source

Next: Excited for LEGO: Indiana Jones?

It seems LEGO.com understands the excitement and anticipation that its LEGO: Indiana Jones title has caused for fans around the world. They have recently added in a Fun Z...

User Comments

You must Login or Register to post comments
What are your thoughts?
posted 11:44pm EST - February 24th, 2008
1

just more franchises to be ruined

posted 11:46pm EST - February 24th, 2008
2

QFT

Im at the point where i dont care how cool the game looks if EA is attached to it i just drop my interest and dont get it.

 

posted 12:25am EST - February 25th, 2008
3

I can see EA wants to control the 2K sports franchises.  They already have the only NFL license, why do they need to take out all the competition?

posted 12:25am EST - February 25th, 2008
4
I agree with Kh40n1c, EA do have some gems, Skate and the new Burnout series, but the latest NFS games and almost all sports games haves been sh!t.
posted 12:51am EST - February 25th, 2008
5
macpisto you look like "Anon" can anybody spell monopoly? is that how it's spelled?
posted 12:58am EST - February 25th, 2008
6

The only game developed by EA that I've even liked is the Burnout series. EA Games wants to own the whole gaming industry or something. The only game that I even own that is either published or developed by EA Games is Burnout 3 and Need for Speed Underground. I'm not a fan of EA Games, but they just haven't proven themseleves to me when it comes to certain games other than some of their racing games. From what I've heard, Need For Speed Pro Street pretty much sucked.

I hope that EA Games can redeem themseleves to me with Dead Space later on this year. When it was announced that this game was going to be published by EA Games, I didn't even care about the game, but when I read more about it, I got hooked.

I hope that smaller game studios that develop for the Playstation such as Insomniac stay Independent.

posted 1:00am EST - February 25th, 2008
7

"Take-Two's game designers would also benefit from EA's financial resources..."

THAT would be going out the window with the $2 billion buy-out.

---

Guess EA wasn't sitting well with having Activision/Blizzard being bigger than them.  At least the GTA franchise won't be driven into the ground for a little while.

posted 1:02am EST - February 25th, 2008
8
Sounds like they also want a quick buck for nothing, you know, rake in some profits on GTA4, to which EA contributed absolutely nothing. GTA will be ruined by EA because a new one will come out every year. As we all know, it takes lots of time to make a good GTA, not 1 year.
posted 1:03am EST - February 25th, 2008
9
that's a turdful o' quid! just realized
posted 1:22am EST - February 25th, 2008
10

crazy ish man

posted 3:21am EST - February 25th, 2008
11
i smell EA game console..lol just kidding.
posted 4:10am EST - February 25th, 2008
12


"Link64 -
i smell EA game console..lol just kidding."

I don't know, if you think about it EA has always felt that there should only be one game console.

If they where to buy all the major developers for the next few years and then said "hey were making our own game console and all these games are exclusive."

Just think of what that could do. If a big enough chunk of the world's devs suddenly ended up exclusive to one console then they could really change things.

Just thinking that this could happen in the future kinda pisses me off.

posted 4:24am EST - February 25th, 2008
13
EA is fast becoming the new Microsoft, a hugh Laviathon of a company swallowing up all smaller creative independant companies, not good!
posted 4:53am EST - February 25th, 2008
14
no - no!- NOOO! THAT MEANS WE WOULD NEVER EVER EVER HAVE A GTA GAME EXCLUSIVE TO A PLAYSTATION!!!! PLEASE NO!
posted 5:36am EST - February 25th, 2008
15

EA stop ruine good franchises!

posted 5:59am EST - February 25th, 2008
16

@tab, i truely hope it never comes to this, if all major dev's became EA dev's than futur games are gonna §uçk big time, but i think companys like square and konami are too important to be brought by EA for this to happen. Sadly @IONIXX, since gta4 has gon multi, even if EA doesn't buy out take-two, i don't think there will ever be a gta exclusive playstation. sniff!!!!

posted 6:23am EST - February 25th, 2008
17

before you get your panties in a bunch, they still will have to work out some antitrust issues, unless they sell off the 2ksports division. 

posted 6:37am EST - February 25th, 2008
18
scary ! ! !
posted 6:52am EST - February 25th, 2008
19

No No No No No this is ridiculous, why would Take Two even consider this!  It wouldnt surprise me though, they sold there souls to Microscoff so why not EA, all they seem to be bothered about is money!  It sucks...

posted 9:38am EST - February 25th, 2008
20
NOOOOOOOOOOOOO EA MAKES EVERYTHING GENARIK AND SUCK... what are they ganna by out Nintendo next... or effing sony games.... SCREW YOU EA STOP DESTROYING THE GAME INDUSTRY WITH YOUR SHALLOW CRAPPY NO EFFORT GAMES... art is being destroyed
posted 9:47am EST - February 25th, 2008
21

Its not about quality anymore, its all about MONEY.

posted 9:47am EST - February 25th, 2008
22

@NeOne303 - I dont think they sold their souls to M$. It sucks the crashbox3fixme is getting exclusive DL game content, but I don't think they have forgoten about the PS3. I could more then see them giving PS3 its own content. Developers have commented many of times that they like not having a limit on file size with the PSN. I think XBLA is 150MB. I know they could give us something alot better.

posted 10:25am EST - February 25th, 2008
23

"Take-Two is willing to enter into negotiations once again starting April 30, 2008, the day after Grand Theft Auto IV releases." 

 

Lol, wait until GTA4 releases first!

posted 10:26am EST - February 25th, 2008
24

agreed.  EA makes gaming washed out and bland.  Every game appears on every system with sub-par quality just in an effor to make money.

posted 10:48am EST - February 25th, 2008
25

why so much hate for EA? i mean, i enjoyed the battle for middle earth games, and army of two looks really good, and so does dead space. And the burnout series are nice, and skate aswell.

NeOne303: why they woud even consider it? answer: money.... and power! lol ;)

posted 11:30am EST - February 25th, 2008
26

@ H3llsJester post 2

 

Same here. After Battlefield 2 almost everything they made s0cked. I HAT3' EA Games. Buying everything which stand in their way. Scr'vv you EA!

posted 12:02pm EST - February 25th, 2008
27
Dear God no. In all that's good and holy, please don't let this come to pass. I'm begging you.
posted 1:12pm EST - February 25th, 2008
28

Isn't EA Close with Microsoft? Think about this; If EA is buying all of these companys couldn't Microsoft Buy EA, then Micorosoft would own Everything and basicly controle most of the gaming industry. Even though the games would be Crappy. Microsoft Is probibly planing this soon.

posted 3:25pm EST - February 25th, 2008
29

psn id: gingo.... as always with EA it is all about the money and their shareholders than actually making good games, which i find quite sad as if 2k sports gets bought over then its again back to EA making absolute dire sports titles

Top Games: Call of Duty 4: Modern Warfare | Kingdom Hearts II: Final Mix | Pro Evolution Soccer 2008 | Need For Speed Pro Street | FIFA 08 | Grand Theft Auto IV | Assassin's Creed |
Top Cheats: Call of Duty 4: Modern Warfare Cheats | Resistance: Fall of Man Cheats | Rainbow Six Vegas Cheats | Ninja Gaiden Sigma Cheats |
PSU: Advertise | Contact | Staff | Jobs | RSS Feed | Wallpapers | Upload a wallpaper | PS3 Themes | Upload a PS3 Theme | PodCasts | Events | Game rankings
Copyright 2006-2008 GameBurst Media Ltd. All Right Reserved. Designed by Naveed Lalani.
Reproduction in whole or in part in any form or medium without express written permission of GameBurst Media Ltd. is prohibited.
Use of this site is governed by our Terms of Use and Privacy Policy .
Affiliates: Armchair Empire | Creative Uncut | Chapter Cheats | DarkStation | Free MMORPG | Gamers Brain | Game Cheats | Game Design | Gamerskrew | Gamers Europe | GamerZines | La PS3 | Max PS3 | PlayStation Portable | PS3 | Ps3 cheats | PS3 | Talk Xbox | Xbox 360 Cheats | Xbox 360 News | DarkZero | CheatHappens | NintendoSpin
eXTReMe Tracker