Tag Archives: take two

Take Two’s Board of directors has recommended that its stockholders ‘take no action at this time’ in response to EA’s new $2 billion tender offer. EA announced this morning that it has made an unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares of common stock for $26 …

Electronic Arts is targeting Take Two’s shareholders with a tender offer to acquire outstanding stock for $26 each – the price it offered the company in its buyout bid last month . The cash bid is worth $2 billion. According to the Wall Street Journal , ‘the move signals that …

In the wake of last night’s financial report from Rockstar-owning Take Two, Wedbush Morgan analyst Michael Pachter has stated that the upcoming financial uplift that will accompany the release of GTAIV is not enough to hide the problems faced by the publisher. Take Two is pretty much the same company …

Following Take Two’s financial results last night , leading games analyst Michael Pachter has said he is unimpressed with the results, though he does expect GTAIV to be an overwhelming success. We are relatively unimpressed with Take Two’s lineup for the next financial year with the glaring exception of GTA …

The full transcript of Take Two’s earnings call – which came in the wake of the firm’s fiscal posting last night – is available now. Company bosses, including chairman Strauss Zelnick, discuss the firm’s Q1 loss, EA’s recent bid, the future of Grand Theft Auto and more. To read the …

Take Two has announced its financial results for its first quarter ended January 31st, with revenues down year on year from $277.3m to $240.4m – although the firm said that Q1 2007 had benefited "from more new game releases", hence the drop. The firm’s sales were led by a number …

As the ‘will they won’t they’ saga surrounding EA’s proposed takeover of Rockstar-owning Take Two continues , two major Take Two shareholders have cut their stake in the publisher, Reuters reports. Oppenheimer Funds has cut its stake from 23 per cent, or 8.8 million shares, to just 11.5 per cent, …

Take Two announced a generous severance package for its employees as a result of EA’s $2 billion bid for the company. The Financial Times reports that in a regulatory filing late on Friday, Take Two said its Board had approved a package for employees in the event that they lose …

Take Two executive chairman Strauss Zelnick has claimed that his business model will see the publisher remain independent – unless his shareholders tell him otherwise. Speaking to The Hollywood Reporter in a wider interview about Zelnick’s own ZelnickMedia, he reiterated his previously stated view that he expects consolidation in the …

Electronic Arts CFO Warren Jenson has said that EA is keen to add key Take Two creative personnel – whom he terms diamonds” – into the publisher’s global distribution system. IGN reports that Jenson talked at length on EA’s desire to buyout Take Two whilst speaking to industry analysts at …