Tag Archives: take two

Electronic Arts is expected to extend again the deadline for its hostile tender offer to acquire Take-Two, the Wall Street Journal is reporting this morning. The deadline for EA’s last bid for the Rockstar parent passed by without any announcement on Friday, but the WSJ believes the Redwood company may …

Electronic Arts is just hours away from finding out if it has won over Take Two’s shareholders – and successfully acquired the company. It’s a fascinating time for those that love their numbers; with the big question – will EA CEO John Riccitiello push his bid even higher as time …

Wedbush analyst Michael Pachter has given his verdict on whether EA will end up buying Take Two this week – and so long as the Rockstar parent is ‘reasonable’ he believes it’s likely to go ahead. EA’s $2 billion tender bid for Take Two is set to expire on Friday, …

The full transcript of EA’s earnings calls following the announcement of its Q4 and full year fiscal results is available online now . In the discussion with investors, EA CEO John Riccitiello, CFO Eric Brown, COO John Pleasants and more top execs discuss subjects ranging from the firm’s fiscal outlook …

Electronic Arts has secured a loan of $1 billion to support its bid for Take Two, which is due to be concluded this Friday . In a form filed with the SEC, EA said that it had received a commitment for up to $1 billion in ‘senior unsecured term loan …

Ken Levine being 'regularly consulted' on project

EA isn’t likely to alter its bid for Take Two in the wake of GTA’s exceptional first week of sales – and Take Two shareholders wouldn’t expect them to. That’s according to industry analyst Michael PAchter, who has told MCV that EA CEO John Riccitiello is a very savvy and …

Take Two began legal proceedings against the Chicago Transit Authority yertserday, accusing it of pulling ads for GTA IV without explanation. According to Reuters, the publisher sued the transit authority in Manhattan federal court for violating its free speech and contractual rights yesterday, saying it pulled its posters within days …

Take Two executive chairman Strauss Zelnick has said that his firm’s decision to delay consideration of EA’s acquisitive $2 billion offer until after GTA IV’s release has been ‘vindicated’ by the game’s success. According to the New York Times, Zelnick said in a statement: The critical and consumer response to …

Activision CEO Bobby Kotick has spoken of his concern over EA’s hostile acquisition bid for Take Two – particularly the mega-publisher’s potential sports potfolio. If EA’s tender offer allows it to take over Take Two, it would own the successful – and critically lauded – 2K Sports range, alongside its …