Wall Street Journal Compares Crooked Ill Guv's Mistakes to Failed EA-T2 Deal

December 10, 2008 -

Yesterday, GamePolitics pointed out the hypocrisy of indicted Illinois Gov. Rod Blagojevich, who publicly fretted about Grand Theft Auto's cartoon crime but himself managed to carry out what the U.S. Attorney alleges was a political corruption crime spree.

The Wall Street Journal's Deal Journal blog has come up with a different video game angle on the Blagojevich affair, remarking that the disgraved Guv should have paid more attention to this year's failed EA-Take-Two merger:

Before Illinois Gov. Blagojevich allegedly tried to auction off President-elect Barack Obama’s vacated Senate seat to the highest bidder, he might have taken a closer look at the state of deal making this year–which would have told him it never would have worked.

 

Deal Journal compiled some lessons from this year’s M&A market that might have kept Blogajevich from following temptation into a federal indictment.

Don’t assume you are the only game in town: If prosecutors are right, Blagojevich, accused of looking for either lucre or favors in return for Obama’s Senate seat, made an oft-seen mistake: he believed he had more leverage than he did. Take-Two Interactive Software–maker of the Grand Theft Auto videogame–made the same mistake when it pushed rival Electronic Arts to bid up, up, up for the company. But EA tired of being toyed with and walked away.

The WSJ also jokingly relates Blagojevich's relentless pursuit of graft to several other non-game biz deals.


Comments

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

Wait wait wait...didn't EA LOWER the bidding price each time? Their example makes no sense.

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

Yeah, definitely a bad comparrison there. I can't see how EA buying out Take Two would have helped anyone in this economy, especially considering the potential number of job cuts due to redundant departments.

So, yeah. Go Take Two!

If you go crazy then I will still call you Superman.

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

EA generally HAD more financial stability back then. Take Two is not going to have a good year in 2009 because nothing is comming out for them and their going to report a net loss with the lack of grand thefts and Elder Scrolls.

It's probebly going to dip under 8$ a share under these circumstances.

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

 Big problem with Wall Street: failure to foresee consequences. It's just one of the many problems facing the economy. These guys never looked at the big picture. They trashed T2 for turning down the deal, just as EA laid off 500 employees. And they say sticking with EA was a better idea? 

When people don't realize the consequences of their actions, now THAT'S narrow-minded!

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

I agree with EZK.  I don't think Take-Two was trying to drive up the purchase price.  It really, truly looked to me like it just didn't want to be bought.  At least not by EA.

 

Andrew Eisen

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

So T2 not wanting to be bought out is now considered toying with EA? So if the hot chick who keeps telling the nasty fat guy to leave her alone really just playing "hard to get"?

E. Zachary Knight
Oklahoma City Chapter of the ECA
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Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

Yeah, you're telling me! This guy's an idiot. EA was toying with T2: everytime T2 said, "We don't want to be bought," EA extended their deadline. They should have realized T2 DIDN'T WANT THEM!

The analogy's okay, but compare the governor to EA, not T2.

Why does every financial critic think T2's resistance to EA's tyranny was a bad idea? (Don't answer that)

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

'So if the hot chick who keeps telling the nasty fat guy to leave her alone really just playing "hard to get"?'

This is The Wall Street Journal we're talking about, so their answer is most likely yes.

Brain: "Pinky, are you pondering what I'm pondering?" Pinky: "I think so, Brain, but we're already naked."

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

Why do I feel a JT post coming on this article...

Sortableturnip's Law: As an online discussion of video game violence grows longer, the probability of a comparison involving Jack Thompson approaches 1

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

I think he has better things to do, like he should be PROVIDING FOR HIS FAMILY(hint, hint), instead of whining on a blog while his wife pays $50,000 for his mistakes.

Brain: "Pinky, are you pondering what I'm pondering?" Pinky: "I think so, Brain, but we're already naked."

Re: Wall Street Journal Compares Crooked Ill Guv's Mistakes to

This whole thing has me surprised, well... at how low this all went. Remind me never to try to debate this in Deviantart - I've got called naive, and stupid so many times... ugh.

Anyway, this is really a horrible day but I have heard that he also vetoed a bill that would've made it easier to catch corrupt governers like him. I had heard Obama had personally called other senators in the state to convince them to try to overturn the veto which gave the feds a heads up that maybe this governer didn't have the best intentions.

Amy Levandoski

Amy Levandoski
 
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IronPatriotZachary said he did not find any information about a formal appeals process. I did a simple search and found two places on the esrb site with the info. Just sayin.05/29/2015 - 3:57am
IronPatriotOn Google I get "1 Written Testimony of Patricia E. Vance President ... - ESRB" http://www.esrb.org/about/news/downloads/pvtestimony_6_14_06.pdf05/29/2015 - 3:55am
Andrew EisenNow, that post on GameFAQs was made four years ago. It appears the ESRB has since moved the appeals process stuff behind the publisher login on its website.05/29/2015 - 3:32am
Andrew EisenOh, third link on the Google search. Okay. That leads to a GameFAQs message board which quotes a section of the ESRB website that includes a description of the appeals process. But when you follow the link, that quote doesn't exist.05/29/2015 - 3:30am
Andrew EisenThird link down from what? Look, I'm not arguing the existance of an appeals process. There obviously is one. I was merely noting that it's odd that it isn't described on the website's ratings process section but it is on the mobile site.05/29/2015 - 3:25am
IronPatriotOK, so use the third link down, which describes the appeals process and is not on the mobile site"Publishers also have the ability to appeal an ESRB rating assignment to an Appeals Board, which is made up of publishers, retailers and other professionals."05/29/2015 - 2:47am
Andrew EisenRight, which links to the ESRB's mobile site. On the website (again, unless I'm overlooking it) the appeals process is locked behind the publisher login.05/29/2015 - 2:37am
IronPatriotHuh? Google "appeals esrb". It is the first link. Click it. No login requested.05/29/2015 - 2:31am
Andrew EisenInteresting. It's on the mobile site but unless I'm overlooking it, I don't see it under the Ratings Process on the web site. It is under the publishers section but you can't access it without a login.05/29/2015 - 2:13am
IronPatriot"Publishers also have the ability to appeal an ESRB rating assignment to an Appeals Board made up of publishers, retailers and other professionals. " Esrb05/29/2015 - 2:01am
IronPatriotZachary, did you look on the esrb site? The esrb appeals process pops up when you search "esrb appeals" http://m.esrb.org/faq_09.php05/29/2015 - 2:00am
Andrew EisenThe humor reminds me a lot of Axe Cop.05/29/2015 - 1:37am
WymorenceOh sweet god, Kung Fury is freaking awesome...05/28/2015 - 10:03pm
E. Zachary KnightWonder, I know you can revise content and resubmit it, but I can't findany information about a formal appeals process.05/28/2015 - 7:27pm
Wonderkarpever wonder if there's an appeals process for AO?05/28/2015 - 6:55pm
Matthew WilsonDanny and Andy play the first couple of levels of the upcoming Hatred http://www.gamespot.com/videos/hatred-gamespot-plays/2300-6425016/ imho it does not look like it should be AO.05/28/2015 - 5:57pm
Andrew EisenHey, remember Kung Fury? That short film that was funded via Kickstarter a few years ago? You can watch it now. I suggest you do. It's fun! https://www.youtube.com/watch?v=bS5P_LAqiVg05/28/2015 - 5:14pm
Goth_SkunkOriginally, yes. Some content was cut out in order to reduce its ratign from AO down to M, but PC users could work around that an unlock the full content by means of a patch. Which is what I did. :D05/28/2015 - 3:56pm
Andrew EisenKarp - Yes, for strong sexual content. Although the recent remaster contains all that content and was rated M.05/28/2015 - 3:54pm
Andrew EisenDepends on if you consider Hatred misrated. I haven't played the game or seen the ESRB's rating summary so I'm undecided.05/28/2015 - 3:53pm
 

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