Is Take Two in Play?
Is Take Two in Play?
March 19, 2007
Suddenly, Take Two Interactive may be for sale.In recent weeks there has been much coverage of a well-publicized shareholder revolt that was expected to seize control of the troubled game publisher at Friday's shareholder meeting.
That meeting won't take place, however.
This morning comes word via Take Two press release that the shareholder meeting has been rescheduled for March 29th. The time and location will be announced later today. Rather cryptically, the press release says:
The purposes of the Board's actions are to provide additional time to review the proposed actions of the shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders, including a possible sale of the Company.
The current board, of course, is slated to be shown the door along with CEO Paul Eibeler should the shareholder coup, led by Strauss Zelnick, succeed. It seems likely then that the board would entertain other, more favorable options. Could the management group be looking to take T2 private?
We'll certainly hear more about this from the financial sites as the day goes on.
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Posted 11/07/09 at 04:27pm
ZippyDSMlee: man I got alot of junk and dup files too >< god I need orginization...and no not the knee capping media mafia kind :P
ZippyDSMlee: man I got alot of junk and dup files too >< god I need orginization...and no not the knee capping media mafia kind :P
Posted 11/07/09 at 04:26pm
ZippyDSMlee: replaced :P
ZippyDSMlee: replaced :P
Posted 11/07/09 at 04:23pm
ZippyDSMlee: beemoh:hey its like 60GB porn,400GB anime 100GB games and crap I have took from all my DVDs, I hate waiting on dvds to install stuff..... oh and 40GB of my porn was in the found.000 folder...mostly corrupted.... least I got names of wut needs to be repa
ZippyDSMlee: beemoh:hey its like 60GB porn,400GB anime 100GB games and crap I have took from all my DVDs, I hate waiting on dvds to install stuff..... oh and 40GB of my porn was in the found.000 folder...mostly corrupted.... least I got names of wut needs to be repa
Posted 11/07/09 at 04:18pm
beemoh: @Zip: ...and you'd have to spend all that time re-downloading that porn?
beemoh: @Zip: ...and you'd have to spend all that time re-downloading that porn?
Posted 11/07/09 at 03:34pm
ZippyDSMlee: ggrrrrr......vista lost one of my hard drives and I had a heart attack thinking I lost 1TB of data....
ZippyDSMlee: ggrrrrr......vista lost one of my hard drives and I had a heart attack thinking I lost 1TB of data....
Posted 11/07/09 at 10:58am
JDKJ: Which could be explained by both (a) and (b).
JDKJ: Which could be explained by both (a) and (b).
Posted 11/07/09 at 10:56am
Austin_Lewis: JDKJ: You forgot C) the fact that, for some reason, every time he did something that would suggest he shouldn't be in the military, let alone an officer, higher ups ignored it or let it slide.
Austin_Lewis: JDKJ: You forgot C) the fact that, for some reason, every time he did something that would suggest he shouldn't be in the military, let alone an officer, higher ups ignored it or let it slide.
Posted 11/07/09 at 10:51am
JDKJ: Part of the problem is, I believe, that (a) the Army had a lot of time and money already invested in him and which they were unwilling to simply write-off and (b) an increasing need for the type of skills and services he provided.
JDKJ: Part of the problem is, I believe, that (a) the Army had a lot of time and money already invested in him and which they were unwilling to simply write-off and (b) an increasing need for the type of skills and services he provided.
Posted 11/07/09 at 10:48am
JDKJ: And that even if he was begging not to get cut loose, he was apparently a real good candidate for being cut loose, anyway.
JDKJ: And that even if he was begging not to get cut loose, he was apparently a real good candidate for being cut loose, anyway.
Posted 11/07/09 at 10:11am
JDKJ: @chada: And while Kennedy once noted that there's usually more than enough blame for everyone to get a slice, the possibility that the Army was unwilling to cut loose someone who was asking to get cut loose could be a factor.
JDKJ: @chada: And while Kennedy once noted that there's usually more than enough blame for everyone to get a slice, the possibility that the Army was unwilling to cut loose someone who was asking to get cut loose could be a factor.
Posted 11/07/09 at 10:07am
ZippyDSMlee: *noms on his feet*..nomnomnomnom*droooll* ...wuuutttttt uuu looking at?
ZippyDSMlee: *noms on his feet*..nomnomnomnom*droooll* ...wuuutttttt uuu looking at?
Posted 11/07/09 at 10:05am
JDKJ: I'm no psychologist, but I'm told that crazy people have a tendency to do crazy things.
JDKJ: I'm no psychologist, but I'm told that crazy people have a tendency to do crazy things.
Posted 11/07/09 at 10:03am
chadachada321: Whoops, was out of the convo for awhile. I do wonder what type of ammo he used etc, but the real issue is WHY he did it, not HOW
chadachada321: Whoops, was out of the convo for awhile. I do wonder what type of ammo he used etc, but the real issue is WHY he did it, not HOW
Posted 11/07/09 at 09:56am
JDKJ: But if it turns out that they actually did, they'll have Hell to pay.
JDKJ: But if it turns out that they actually did, they'll have Hell to pay.
Posted 11/07/09 at 09:45am
JDKJ: And I'd tend to rule out the possibilty of FN Herstal supplying restricted ammunition to someone merely because they're ordering it from a military base.
JDKJ: And I'd tend to rule out the possibilty of FN Herstal supplying restricted ammunition to someone merely because they're ordering it from a military base.
Posted 11/07/09 at 09:37am
JDKJ: I know you don't leave your gated community and get around much in dark alleys, so you may be surprised to learn that there's this thing called "the black market" where, if you've got enough money, ain't too much of anything which can't be bought.
JDKJ: I know you don't leave your gated community and get around much in dark alleys, so you may be surprised to learn that there's this thing called "the black market" where, if you've got enough money, ain't too much of anything which can't be bought.
Posted 11/07/09 at 09:36am
Austin_Lewis: Or, maybe he or someone else at the base ordered the SS190 from FN Herstal.
Austin_Lewis: Or, maybe he or someone else at the base ordered the SS190 from FN Herstal.
Posted 11/07/09 at 09:32am
Austin_Lewis: the hands of private owners. They run about 300 dollars minimum for a box of 50, and boxes of AP 5.7 are extremely scarce, mainly residing in the hands of Class III stores or individuals who for one reason or another got a demo box of it.
Austin_Lewis: the hands of private owners. They run about 300 dollars minimum for a box of 50, and boxes of AP 5.7 are extremely scarce, mainly residing in the hands of Class III stores or individuals who for one reason or another got a demo box of it.
Posted 11/07/09 at 09:30am
Austin_Lewis: There are other firearms that fire the 5.7. However, I too would like to know where he got the ammo and what kind was used. Maybe Hasan, planning not to live through this, went out and bought one the boxes of SS190 that are floating around in
Austin_Lewis: There are other firearms that fire the 5.7. However, I too would like to know where he got the ammo and what kind was used. Maybe Hasan, planning not to live through this, went out and bought one the boxes of SS190 that are floating around in
Posted 11/07/09 at 08:44am
JDKJ: And it isn't yet clear what type of ammunition Hasan used. It's strange that he purchased a gun but didn't purchase ammunition for it at the same place and time. Especially because the calibre required is peculiar to the actual gun.
JDKJ: And it isn't yet clear what type of ammunition Hasan used. It's strange that he purchased a gun but didn't purchase ammunition for it at the same place and time. Especially because the calibre required is peculiar to the actual gun.
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Comments
Basically, as long as it gets free advertising, no large company board, be it Microsoft, Sony or even EA would throw away a cash-cow format like GTA. It's almost been turned into a cult thanks to those that hate it.
I think that's one of the things that really annoys me about it all, if it hadn't been for Anti-game activists, GTA would probably be fading out as a genre now.
EA on the one hand is the world's biggest game publisher and would love to find a way to maintain it and even become bigger and taking out their biggest of competition and absorbing their popular titles would be the perfect way to do that.
If Microsoft did it on the other hand though it would allow them another one-up against Sony as they would have more power in terms of exclusives and timed exclusives, so taking away GTA, a Playstation system seller, would be a kick in Sony's nuts.
Considering the two, I'd rather Microsoft do it as they can actually make quality products and Sony deserves it (now grinning evil!).
It shouldn't have any effect on the case against JT, that was a corporate decision, and should remain in place even with a change of board, the smear campaign led by Jack is trying to create a chilling effect to T2 games, regardless of who is in charge.
(2) What effect would any of these decisions have on any reported lawsuits against them or brought by them (note the recent lawsuit agianst John Bruce, for example)?
As an aside, they are welcome to give T2 to me. I'll turn it into the game company equivilant of Microsoft. :)
Ok, so maybe that's not necessarily a "good" thing. :)
nightwng2000
NW2K Software
I could think of a few (EA, Microsoft...) but who knows. Not sure about the Private company deal, however. I guess this would be to prevent this sort of coup, and the shock waves of the Hot Coffee scandal, from destabilizing the company.
The shareholders planning to stage a coup are only 46% of the shareholders, correct? An action, such as taking control would require a majority of the shareholders to agree.. As it stands, 54% of the company has not sided with them.
I don't know a whole lot about business, but couldn't this whole take over pretty much go like so?:
46% - "We demand you fire everyone and give the company to someone better!"
54% - "No."
so more people voted for Gore didn't mean he won,votes are just a guideline anyway :P
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But this is not good news MS and EA are bad pubs for the most part they have enough properties to screw up...
Also, who's to say that Rockstar doesn't have a deal in place where they can break away and retain rights to their IPs? Really, outside of Rockstar and 2k games, what does Take-Two have?
You don't have to be incompetent, just not doing things the way everyone else would want to do it. In short, if the rest think they can make more money doing it their way instead of yours they will can you wehter you are competent or not.
Of course not everyone is like that.
Well only if you are incompetent, which in the case of Take-2, they have had mass incompetence from a long time now; financial woes notwithstanding.
Who knows, maybe SCi will buy them or Vivendi (who have problems of their own). It will be an interesting month to be sure.
By stalling a week, they probably are selling off their shares, or arranging "poison pill' plans to prevent a sale or takeover bid.
It won't save upper management or the board, however. That much I know.
They are required by federal business law to hold a shareholder meeting every year. There is not a specific time they have to have it by. They can reschedule all they want as long as it is within the fiscal year of the company.
As for the sell of the company, I don't really care as long as Sony, Microsoft, Nintendo, or EA gets it. These guys are too big for their own good. But more likely, they will sell to another group of private investors who like the new board of directors. That's why I will never start a public company, I could eventually be forced out of my own company.
I wonder, though. Is there any limit on how many times they can reschedule their shareholder meeting?