BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

September 14, 2008 -

It's official - Grand Theft Auto V will not be released under the Electronic Arts brand.

EA has just issued a press release announcing that it has decided not to continue its lengthy pursuit of Take-Two Interactive.

The two sides have been talking, but those negotiations appear to have broken down. At this point it's unclear what made EA decide to give up its nearly seven-month long bid to acquire T2. From the EA release:

Electronic Arts... today announced that while EA continues to have a high regard for Take-Two's creative teams and products, after careful consideration, including a management presentation and review of other due diligence materials provided by Take-Two... EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two.


EA CEO John Riccitiello (right) commented:

EA is tracking toward a record breaking year. We're launching 15 new games including award-winners like SPORE, Dead Space and Mirror's Edge, great new titles from the Sims, new family titles with Hasbro, and the highest quality slate of EA SPORTS titles on this generation of consoles. We're also expanding beyond our core business with a series of direct-to-consumer launches including Warhammer Online.
 

UPDATE: Take-Two has issued a press release of its own, with chairman Strauss Zelnick (left) saying:

We remain focused on creating value for our stockholders and our consumers. This has been our goal since EA launched its conditional and unsolicited bid six months ago, a bid which was repeatedly rejected by our stockholders. As part of that commitment, we remain actively engaged in discussions with other parties in the context of our formal process to consider strategic alternatives. We're especially proud of the success we've enjoyed over the past eighteen months and we remain confident in our ability to generate value for stockholders.

GP: Expect T2 stock to take a big hit when the markets open in the morning. TTWO closed at 21.65 on Friday amid expectations that an EA-T2 deal would get done somewhere north of the 25.74 tender price that EA offered earlier. Prior to EA's expression of interest, T2 had been trading in the 17 range. With EA now out of the picture, T2 shares will likely be heading south.


Comments

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Seriously do people have an itch to mention Jack Thompson in every article when it's not even talking about him in the first place? Crawl out of the basement and get some fresh air. I can understand what he's done in the past, but stop giving the guy attention; give the attention whores nothing to feed.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

What he has done in the past is fail.  And fail in humourous ways.  I don't think you understand that we don't fear him.  Quite the opposite, we mention him in the hopes he will show up and give us something to laugh at.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Agreed. We summon him "f0r t3h 1u1z"

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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Hooray.

---------------------------------------------------- Debates are like merry go rounds. Two people take their positions then they go through the same points over and over and over again. Then when it's over they have the same positions they started in.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I can't help but wonder if the recent Spore backlash had something to do with this?

 

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

And good riddence.  Take-Two did not need to be assimilated by the Borg, I mean EA, now if only Maxis would break away from them.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

 Is it just me, or did EA say they were "releasing high quality titles"?  ^.^

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

You have to realize they are in a dream world where all of their games are the best in the industry.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Good for TTwo, they didnt need the bull EA is throwing out lately.  EA will come back later, or will try to buy them out more stealthily like they been doing to Ubisoft.

I love how EA takes this change to announce new games, which GP should NOT, I repeat NOTTTT be including in any article that has to do with EA.  If they are acting like asses to their consumers how they are, don't give them free publicity for their games, especially out of their mouths.

I love how EA is acting like they nonchalantly decided to not buy out TTwo instead of TTwo saying screw you to EA, and EA just giving up because they know educated gamers, and people in the industry, have little to no respect for them.  They may respect people like Will Wright, but not EA itself, and their executive members.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Yeah,That im happy fighting the devils known as the video game industry to get my job back,And GP wont never get rid of me,Even if you try updating this website,I'll always get by,I find making dolts and psuedo-intellects like GP and its lower-part of the american food chain called "nerds" angry.

Oh,I dont see why you insult my typing style when its just the same as everybody elses,I dont see why people like you need to spend more time praticing on microsoft word.  Jack Thompson,Freedom of the people

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

"And GP wont never get rid of me"

Yeah, that's almost Wikiquote worthy.

In case you still trying to get the imprint of that ambulance bumper off your face, that's called a double negative Jack. Face it Jack, you're legal conundrum with the Florida Bar has left you IRRELEVANT. You're chalking up these imaginary victories based on a preliminary (and flawed) opinion. The difference between now and two years ago is that almost everyone is now in on the joke, and you're the punchline.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

If you're really planning on adding quotes like that to the Wiki entry, make sure you're quoting the genuine article, and not some trolling imitator... I don't believe that the real JT posted in this thread at all.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Hey Troll.  Dennis already pointed out that you are not Thompson.  So get your ass back to /b/ where you belong.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Gonna beat the /b/tards to the FALCON PUNCH and cite Rule 8 before they can cite Rules 1 and 2.

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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Hello Fake Thompson.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I really think that Fake Thompson should apply for the Evil League of Evil. I mean, they've already accepted Fake Thomas Jefferson, and everyone knows that HE'S fake, since the original has been dead for ewll over a century. But on the flip side, Fake Thompson isn't so much evil, as just stupid, and I think Bad Horse sets his standards a little higher.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Mr. Thompson, it's because you're an adult. You should act like one. It's not that hard of a concept.

Then again, you think the FBI and the President are after you, so i suppose you still have the mind of a child.

But you don't really sound like the real Thompson anyway, just benefitting from his nonsense names.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

So what happened with Jack anyway?

I've been trying to find out for days!!! Wasn't his trial meant to have been scheduled for the 8th?

I've yet to hear ANYTHING about this...I've scoured google and all kinds of sites, I've emailed numerous people...

 

Does anybody know what happened yet?

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I'm also dying to know what happened to him.  I thought the 12th was the magic day.

Jack Thompson, Certified Sane By A Crap-Drooling Moron.

Jack, the more you shit through your mouth like this, the more you convince us that you're actually the reincarnation of similarly braindead (now just plain dead) ambulance chaser and psychotic conspiracy theorist, Francic E Dec; www.bentoandstarchky.com/dec/rants.htm

His fight against the "Gangster Communist Computer God" made just as little sense as your utterly retarded belief that video games caused the Pearl Harbor bombings and the Civil War.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

You mean, EA won't grace us with securom for GTA4 PC? 

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

As the trolls at this site will remember, and as Dennis McCauley can't forget, I contacted EA for the purpose of advising them not take over Take-Two.  Looks like they finally realized I was right.  I hate to inconvenience you nitwits with facts, but there they are.  I also noted, weeks and months ago, that the stock was overvalued, and now we see that it was.

Face it, Jack Thompson is right almost all the time about the video game industry, and Strauss Zelnick went bust on this one.  Jack Thompson 

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

If i recall correctly Mr. Thompson, you actually said you wanted EA to take over T2.

 

 

 

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

So EA had you on hold for 8 hours?

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I'm sorry but you are a down right dirty commie cunt.

When Life gives you lemons, you find a new god.

When Life gives you lemons, you find a new god.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

 

Let's play the sport of troll spotting people!(puts on Steve Irwin accent).  Let's see now, this speciemen seems to have more complicated language than the confirmed troll.  He seems to have the same egoism that the species of Jack Thompson troll shows without the crappy language and the confusing himself with Nostradamus(which seems to be a bit too egoistic for the JT specieman).  He may be a JT impersonator troll using JT's style of writing.  However this post just seems perfectly Jack Thompsonish.  It has JT's unique brand of condescension with great self praise.  Crikey, this ones hard to classify.

Tune in tommorow for more on the troll species.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

not to be a jerk or anything, but steve irwin passed, i'm sad he's gone now, but don't invoke him to insult the troll... in fact pity any troll that has nothing better to do then to post craptastic comments like that. besides read my signature:

Jesus Jack Jones Thompson told me to do it! (think kool-aid Jones' town massacre) i don't drink the kool-aid people serve after that happened, not even my own folks.

Jesus Jack Jones Thompson loves you, so kill for his amusement so we can get money for the new "People's Temple of Jesus Jack Jones Thompson"

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

yes.  I miss him.  I remember hiim passing.   he was a great guy. and JT does not deserve to be mocked by his accent.

 

Okay I won't feed the troll.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

you're the only troll around here cc, as you keep changing your username

岩「…Ace beats Jack」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

Plus it's only a matter of time before Dennis sets it up so you HAVE to register to comment. Then he can just IP ban Jack and prevent him from ever registering... EVER.

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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

I'm pretty sure the IP ban took effect when GP switched to WordPress, then lifted it when Jack started using anonymous proxies (emphasis just to cheese Jack off)

岩「…Ace beats Jack」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

LOL good one.

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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.



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I AM DOOMED TO HAUNT JACK THOMPSON'S DREAMS UNTIL HIS CRUSADE AGAINST VIDEO GAMES ENDS.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

why would you want to do that?  he's very entertaining. 

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

(*sigh*) Not to ME, he never was. ~_~

Fake JT

That's a fake JT, people. And if I have to make the change to require all commenters to register, you can thank people who do stuff like that.

Re: Fake JT

I'd like to point out that the poster named, "Magic Taco," has the same writing patterns as the fake Thompson shown here.

Re: Fake JT

Do it. Now.

Re: Fake JT

After reading through ALL of the posts, it seems that there are multiple fake Thompsons (different actual people, that is, not just various posting names). Please go ahead and force registration/signatures to keep the trolling to a minimum.

Re: Fake JT

Cool; thanks for telling us. BTW, I'm not too sure about the "no anonymous posting" thing: I've posted anonymously numerous times (not under false names; just "Anonymous") and did so before joining. It kinda helped me with my "stolen indentity" phobia.

But it's not really up to me: it's Dennis's decision.

Re: Fake JT

one thing about that GP, is that if you do require people to register and it's due to trolls like a fake JT that live's in their parents' basement, well i can only imagine if people knew where the troll lived, they beat the blue f#$! out of poor shmuck, who probably never got laid /:) </dumb joke>

Jesus Jack Jones Thompson told me to do it!

Jesus Jack Jones Thompson loves you, so kill for his amusement so we can get money for the new "People's Temple of Jesus Jack Jones Thompson"

Re: Fake JT

That would be pretty awesome. 

Re: Fake JT

I'm all for making the switch, it will also give the mods an easier time keeping order around here.

岩「…Ace beats Jack」

岩「…I can see why Hasselbeck's worried about fake guns killing fake people. afterall, she's a fake journalist on a fake news channel」

Re: Fake JT

Odd, looks like the site ate my comment.

Anyway, I hope you do require registration for commenting.  The annonymous posting has been nothing more than a pain in the ass.

Re: Fake JT

I really wish you would.  The annonymous posting has been a real pain in the ass.

Re: Fake JT

Just think of all the /b/tards that'd have to go somewhere else to troll. *sigh* that'd be a glorious day, indeed.

-- "Jack and listen are two words that don't go together...just like Jack and sanity, Jack and truth, Jack and proof, Jack and win..." -- sortableturnip | http://www.orangeloungeradio.com/

400 Episodes, TEN YEARS and counting: http://www.orangeloungeradio.com/ | Voice of Geeks Network - http://www.vognetwork.com

Re: Fake JT

Well, that'll end my posting days, as I can't register, as when I try, ti says I did already, and it won't send me my info, especially since I changed my email.

Re: Fake JT

well, here's a suggestion to your problem, just register using gmail, using a similar name, they game me my info straight up... i hope this helps

Jesus Jack Jones Thompson told me to do it!

Jesus Jack Jones Thompson loves you, so kill for his amusement so we can get money for the new "People's Temple of Jesus Jack Jones Thompson"

Re: Fake JT

Just do it Dennis, anonymous posting was the worst thing ever to happen here.

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

YES!!!!!

Re: BREAKING: It's Over... EA Gives Up on Take-Two Acquisition

And I bought Bully earlier today, before I found out about this. ^_^

If Take-Two's stock takes some damage, I wouldn't worry -- I'm sure they'll recover from it.

And some things to Jack Thompson:

1) You believe Bully caused a school stabbing? Okay, I've seen quite a few weapons in Bully already, but blades aren't one of them. STOP MAKING YOUR NONSENSE UP.

2) You misspelled "zero".

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