![]() |
|
|
|
Send
News. Want a reply? Read
this. More in the FAQ.
News
Forum - All
Forums - Mobile - PDA - RSS Headlines |
An article on CNBC.com analyzes
three attempted tech-sector mergers that failed this year, examining Microsoft's
unsuccessful attempt at acquiring Yahoo!, Samsung's failed SanDisk bid, and
Electronic Arts' high-profile run at Take-Two, referring to the failures of
these deals as "fiduciary stupidity." He recaps the EA/Take-Two
deal, referring to Take-Two's rejection of a $26.00/share bid as "Grand Theft
Shareholder" in light of the company's current sub-$10.00/share value. Here's
the analysis of what went down: "I posted then that unlike Yahoo, Take-Two was
in a strong negotiating position with the upcoming release of the latest 'Grand
Theft Auto' installment coming to market. But CEO Strauss Zelnick had to know
that his company's 'position of strength' had a limited shelf life. Yet he and
his board held out for more. Postured. And the posturing only got louder as
Zelnick's position got crumbled beneath him."
|
![]()
![]()
Copyright © 1996-2016 Stephen Heaslip. All rights reserved.
All trademarks are properties of their respective owners.
News CGI copyright © 1999-2016 James "furn" Furness &
Blue's News.
All rights reserved.
Chatbear v1.4.0/blue++: Page generated 17 August 2016, 22:35.
Chatbear Announcements.