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 :

Poll

Will Code Avarice's Paranautical Activity make its way back onto Steam?:

Shout box

You're not permitted to post shouts.
Neo_DrKefkawith a neutral party Moderating it. I've been waiting a long time for a GamerGate to happen but now all I want is the healing to start. Weird huh? Gamers don't need to be attacking gamers we should all be on the same side10/24/2014 - 12:39am
Neo_DrKefkaRight now from what I seen your tweet and the other guys tweet there are hard feelings. Until we start a dialogue with each other I think it will get worse before it will get better. I hope you guys work something out meet in a neutral stream10/24/2014 - 12:37am
Neo_DrKefkaThanks James. Even if a hot/hard headed person likes me thinks the public needs to sit down and discuss this together. We all might not agree right now but if the public does not start talking to each other we are not going anywhere.10/24/2014 - 12:36am
james_fudgeHey guys I had a nap because, getting old! I'll take a look.10/24/2014 - 12:01am
Matthew Wilsonjames needs to contact Totalbiscuit than10/23/2014 - 10:07pm
Neo_DrKefkaJames said earlier he went into a stream earlier informed them who he was and they didn't care. If James is trying to talk lets set something up?10/23/2014 - 9:38pm
Matthew WilsonTotalbiscuit has been trying for months, no one that is anti gg seems to want to talk with him on camera10/23/2014 - 9:20pm
Neo_DrKefkaHey James check your twitter. Check with Totalbiscuit see if you can get a round table discussion stream going see if he can get some pro gg people and you can get some gamejournopros. Both sides have been hurt, doxxed its time every1 sits down and talks10/23/2014 - 9:05pm
Matthew Wilsonthe wiiu will support up to 8 gc controllers http://www.smashbros.com/us/howto/entry10.html10/23/2014 - 7:50pm
quiknkoldmewtwo is a timed free exclusive. you can purchase him if you dont have both.10/23/2014 - 7:15pm
Neo_DrKefka@Monte A month and a half ago we had a lot of streams about solutions now all the streams are KingofPol styled rants about getting drunk. All Gamergate is about to many is for people to use the movement to jump start careers.10/23/2014 - 7:12pm
Neo_DrKefkaWhose stream where you in James?10/23/2014 - 7:02pm
Matthew Wilsonyup they are holding mewtwo hostage lol10/23/2014 - 5:59pm
MaskedPixelanteApparently Mewtwo is going to be a free download to anyone who bought both versions of Smash 4.10/23/2014 - 5:41pm
TechnogeekYou would also think that if GG gave a shit about journalistic ethics, Game Informer would have been the very first line of their boycott list.10/23/2014 - 5:32pm
MaskedPixelanteRidley confirmed for Smash Wii U... as a stage buddy like the Yellow Devil and flying man.10/23/2014 - 5:31pm
prh99Rather than trying to spin it as some sort of artistic choice, they should just say they don't want to rework the engine to either decouple the mechanics or make them work at 60fps.10/23/2014 - 5:25pm
Matthew Wilsonubisoft is made to look worse now. wiiu smash is 1080p 60fps lol10/23/2014 - 5:02pm
MonteYou would think that, if GG were really about journalistic ethics, their streams would be more conerned with Shadows of mordor(a REAL controversy involing a major publisher) than with the FALSE jounralistic controversy around Quinn10/23/2014 - 4:49pm
Andrew EisenHope so.10/23/2014 - 4:45pm
 

Be Heard - Contact Your Politician