Take-Two Buyout Rumors Return

April 13, 2009 -

Take-Two, which managed to avoid being assimilated by Electronic Arts in last year's long-running takeover saga, may be the target of a new buyout, according to Barron's.

The financial news service attributes a recent rise in the share price of TTWO to takeover rumors:

Take-Two Interactive (TTWO) shares are up sharply for the second straight session on a revival of rumors that the video game company might be a takeover target... Last Thursday, the stock was hopping on what TheFlyOnTheWall.com [subscription req.] described as “renewed takeover chatter.” That apparently continues today.

As I post this, TTWO is up to 9.45, even though Wall Street itself is down.

UPDATE: Reached for comment by GamePolitics, Wedbush-Morgan financial analyst Michael Pachter pooh-poohed T2 takeover rumors:

I don’t see anyone making a move, given that management rejected EA’s $26 offer [last year]. It’s hard to see how anyone would pay more in this market, and I don’t know that Take-Two management would entertain an offer lower than $26 given their rejection of EA’s offer.


Comments

Re: Take-Two Buyout Rumors Return

Well, Pachter says it won't happen so we know there's no chance of it.  Oh wait...it's Pachter so that being said, I wonder who is bidding for them.

Parallax Abstraction
Ottawa, Ontario, Canada
blog.digital-lifeline.ca

Parallax Abstraction
Ottawa, Ontario, Canada

Re: Take-Two Buyout Rumors Return

Any particular reason why you doubt Patcher's opinion?

Re: Take-Two Buyout Rumors Return

Patcher is a well known video game analyst and as such he tends to bring out the distrust of many gamers. There are times where he has bee nway off the mark, but it is no less frequent than any other analyst in any industry.

But this is the games industry. Anyone that is wrong just once is worthless. /sarcasm

E. Zachary Knight
Oklahoma City Chapter of the ECA
http://www.theeca.com/chapters_oklahoma

Re: Take-Two Buyout Rumors Return

Pachter's predictions have been almost universally wrong (one of his more famous ones was that not only would Sony come back out of 3rd place, they would soundly dominate this generation) and like most analysts, he generally tends to state things as fact that are based on very loose and almost always unverifiable information.  Simply put, he's wrong far more than he's right and starts rumours to get his name in the press.  This is in fact what most press-oriented analysts do and it isn't an uncommon practice.  And it works becaues despite his track record, the gaming press at large continues to trip over themeslves to get quotes from him and only ever trump up the rare occasion he's right and never when he's wrong.

But to coin my own version of EZK's strawman, Heaven forfend I dare to call out the enthusiast press for continuing to rely on a provably weak source of information.  This isn't to single out GP because virtually every major site does it.

Parallax Abstraction
Ottawa, Ontario, Canada
blog.digital-lifeline.ca

Parallax Abstraction
Ottawa, Ontario, Canada

Re: Take-Two Buyout Rumors Return

I would have thought that an industry analyst with such a crappy track record would have lost credibility with their main audience, i.e., institutional investors. But, if Madoff and Sanford teach us anything, it's that there're plenty suckers out there for the taking.

Re: Take-Two Buyout Rumors Return

I think thats more a universal truth to begin with.

Re: Take-Two Buyout Rumors Return

I think it has more to do with the fact that he was largely wrong about the T2 buyout last year, from start to finish. Wrong despite the fact that T2 was clearly disinterested, that EA was a little to low to overcome that disinterest, and rather than try negotiations or give up, they sat around for months extending their deadlines again and again.

It doesn't help him that he was in the "the buyout is a good thing and it'll go through!" camp, when a large percentage of gamers that care to track such news were disinterested in the EA chimera devouring yet another decent company into it's bland mix.

Nor does it help that analysts in general are on a lot of people's crap lists right now.

-Gray17

Re: Take-Two Buyout Rumors Return

Sooo, how long before out favorite white haired pundit tries to take credit for this?

Re: Take-Two Buyout Rumors Return

Isn't he supposed to be leading a shareholder revolt?

Re: Take-Two Buyout Rumors Return

Jesus does he haved to be brought it up in every single fucking story now?

----------------------------------------------------

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.

---------------------------------------------------- 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: Take-Two Buyout Rumors Return

This is not a new thing...

"De minimus non curat lex"

"De minimus non curat lex"

Re: Take-Two Buyout Rumors Return

I knew I shoulda taken some of my tax refund money and bought some stock.  Hmphf!

Nightwng2000

NW2K Software

Nightwng2000 has also updated his MySpace page: http://www.myspace.com/nightwing2000 Nightwng2000 is now admin to the group "Parents For Education, Not Legislation" on MySpace as http://groups.myspace.com/pfenl

Nightwng2000 NW2K Software http://www.facebook.com/nightwing2000 Nightwng2000 is now admin to the group "Parents For Education, Not Legislation" on MySpace as http://groups.myspace.com/pfenl

Re: Take-Two Buyout Rumors Return

I am placing a 3-way bet on which company is planning the buyout;

1. EA, again... *sigh* 3:1

2. Nobody... (what raises stocks better than deception?) 4:1

3. Someone else (and hopefully makes GTA "innovative" again) 3:1

Takers?

______________________________

Because I have NO Life... :P I introduce the following.

 PSN User ID: FirebirdXR (Yes, I use that moniker often)

Xbox Live ID: FirebirdLR (It's a Silver Membership... just putting it up)

*Limited Time Only*

______________________________ Because I have NO Life... :P I introduce the following. PSN User ID: FirebirdXR (Yes, I use that moniker often) Xbox Live ID: FirebirdLR (Don't bother, It's a Silver Membership) *Limited Time Only* I put both because I

Re: Take-Two Buyout Rumors Return

 And just watch: whoever tries to buy them out, when T2 turns them down, Wall-Street just calls them stupid.

Capitalism: buying out your rights since 1776.

Re: Take-Two Buyout Rumors Return

yeah right they're not gonna get sold so easily. Had wall-street forgout all about last year's with take 2/ea thing?

 

http://www.magicinkgaming.com/

Re: Take-Two Buyout Rumors Return

I hope EA doesn't take them over, I don't care if they offer fifty dollars a share. I hope they get rejected.

Re: Take-Two Buyout Rumors Return

i hope it isnt EA this time.when DRM is in gta im going to stop playin it.

blog sounds like a kind of vomit :(

blog sounds like a kind of vomit :(

Re: Take-Two Buyout Rumors Return

Gotta love rumor based trading. It's like highschool all over again, except people are losing their 401k because of greedy day traders.

 
Forgot your password?
Username :
Password :

Shout box

You're not permitted to post shouts.
MattsworknameBIG: how does that make sense?08/05/2015 - 12:18am
Big PermLenny Kravitz penis has been trending all day08/04/2015 - 11:45pm
MattsworknameSo far, Win 8 gave me nothing but problems08/04/2015 - 11:18pm
MattsworknameI;ll see what I can come up with tomarow08/04/2015 - 11:16pm
ZippyDSMleethose is the issue.08/04/2015 - 10:47pm
ZippyDSMleeOdd, even with admin? I have UAC turned off so I do not have to fuss with it too much, also in order to run FO3/NV you need DX,VC++ 010, mmm might try and download VC++ distro pack both 32 and 64bit from 8 to 2012 or so and isntall them see if one of thos08/04/2015 - 10:46pm
MattsworknameTried that 2 zippy, it still wouldn't work08/04/2015 - 10:43pm
ZippyDSMleeI have had to run NV in compatibility mode before. I have both FO3 and NV running fine with a bunch of mods on win8.108/04/2015 - 10:24pm
MattsworknameI did the direct x 9 fix, issue remains08/04/2015 - 10:13pm
MattsworknameI've had issues with it since the start really, as soon as I tried to run it on Win 8.1, vegas woudl crash as soon as i launched it, even when using the base game08/04/2015 - 10:12pm
MattsworknameManta: I run into issues the moment I try to use any mods. and some times even no mods08/04/2015 - 10:09pm
MattsworknameChris ray gun on the gawker media scandel from a few weeks back https://www.youtube.com/watch?v=apGv0KTV9IM08/04/2015 - 10:08pm
black mantaFunny, Matt. I've been able to run it from Steam no problem.08/04/2015 - 10:02pm
Big PermDo you need Directx 9.0c still? Should be a manual download for win 7/808/04/2015 - 9:55pm
MattsworknameBlack manta; I've been trying to get vegas and 3 to work on windows 8 for months and no method I tries fixed it manta08/04/2015 - 9:53pm
Big PermOh wow, yeah cleared my entire history and now suggestions are subs instead08/04/2015 - 9:15pm
Big PermI think you can mecha. Unless it's just removing it from your UI and still tracking it behind the scenes08/04/2015 - 9:11pm
MechaTama31It would be nice if Youtube just let you delete a video from your history, like Netflix does.08/04/2015 - 9:09pm
black mantaF3 and NV have long been since fixed. They run great on Windows 8 and 8.1. And there's also the Unofficial Patch for F3 and the Mission Mojave patch for NV in case they don't.08/04/2015 - 9:05pm
MattsworknameYeah Big, but for those who had the game for long times, it is to late for that08/04/2015 - 8:43pm
 

Be Heard - Contact Your Politician