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EA & Take-Two Negotiations End

Electronic Arts Terminates Discussions with Take-Two has word that the long-running courtship is over for EA and Take-Two, as Electronic Arts has walked away from their takeover negotiations. A specific reason is not named, but the stumbling block all along has been a failure to come to agreement over an appropriate stock price, and the article outlines the public history of these discussions. The possibility that negotiations could reopen is also mentioned. Take-Two Interactive Software, Inc. Comments on EA Announcement has a brief statement quoting Strauss Zelnick, Chairman of the Board of Take-Two indicating they are still looking for a suitable suitor: "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."

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8. dumb and dumber Sep 16, 2008, 00:16 Kxmode
 
A specific reason is not named, but the stumbling block all along has been a failure to come to agreement over an appropriate stock price, and the article outlines the public history of these discussions.

To quote the classic, let's call EA, Lloyd, and Take-Two Harry...

Lloyd: You're it.
Harry: You're it.
Lloyd: You're it, quitsies!
Harry: Anti-quitsies, you're it, quitsies, no anti-quitsies, no startsies!
Lloyd: You can't do that!
Harry: Can too!
Lloyd: Cannot, stamp it!
Harry: Can too, double stamp it, no erasies!
Lloyd: Cannot, triple stamp, no erasies, Touch blue make it true.
Harry: No, you can't do that... you can't triple stamp a double stamp, you can't triple stamp a double stamp! Lloyd!
Lloyd: [hands over ears] LA LA LA LA LA LA!
Harry: LLOYD! LLOYD! LLOYD!

Beyond that last I heard they got lost over the Rockies somewhere near a little place called Aspen.

-----
http://www.gamemusicjukebox.com/
Game p/reviewer for http://www.gameindustry.com/
DRM needs to die... now
 
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7. Re: No subject Sep 15, 2008, 16:56 xXBatmanXx
 

"That does it! I'm really leaving. I'm walking to the door! Don't try and stop me! I mean it! Hello?" etc etc...

http://www.youtube.com/watch?v=6mdALlS7f18
or
http://www.youtube.com/watch?v=LD11iSEl2yQ

The cause of all these evils was the lust for power arising from greed and ambition; and from these passions proceeded the violence of parties once engaged in contention.
 
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In this present crisis, government is not the solution to our problem; government is the problem. / Few men have virtue enough to withstand the highest bidder.
Playing: New dad
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6. No subject Sep 15, 2008, 14:01 Tanto Edge
 
"We didn't Give Up! EA doesn't Give Up! Okay!? We... agreed... to... disagree... yeah..."  
Avatar 13202
 
http://www.youtube.com/watch?v=705LEH3j2g0&t=0m24s
http://www.youtube.com/user/tantoedge
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5. Re: No subject Sep 15, 2008, 12:20 Fion
 
Lmao

Thank the gods..

 
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4. Re: No subject Sep 15, 2008, 08:49 The Half Elf
 
Reminds me of a quote from Armageddon, where Ben Affleck, the black guy and the crazy russian nearly launch their Armadillo into outer space.
"Thank you lord, thank you Jesus, thank you thank you thank you!!!".

 
Avatar 12670
 
"I've never seen a feature like this before. It warms your ass. It's wonderful" -Walter Bishop
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3. Re: No subject Sep 15, 2008, 08:06 nin
 

"That does it! I'm really leaving. I'm walking to the door! Don't try and stop me! I mean it! Hello?" etc etc...



------------------------------------------------
http://theslip.nin.com/
"The Bellic boys! Taking over your town, assholes!"
 
http://www.nin.com/pub/tension/
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2. Re: No subject Sep 15, 2008, 06:54 Flo
 
Maybe they should just start making good games.  
Supporter of the "Chewbacca Defense"
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1. No subject Sep 15, 2008, 06:05 Zzet
 
One less chew-toy for the EA bulldog?

 
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