In a lengthy research note published on VG247, analyst Michael Pachter has described Take-Two's decision to turn down EA's offer of $26/share earlier today as a "mistake".
...just shut up.
I'll pay $26 for Patcher to dissapear on this subject. Leave Take Two alone.
or you'll won't get any$$$ at all so what do you say, this is come from EA HQ, we will be partying all night tonight but only If you are ready to sell that shares to us. Man god I just love EA they're so pitiful to us Gamers I wish they just bankrupt someday
How is turning down a company that will only make your future games crap a mistake. Yes Take-Two would have made some nice cash but some people like having a little thing called pride more then more money.
Which kind of answer do you want? a real world answer... or a fantasy answer?
I don't think any gamer wants EA to buy any company, specially those known to create great games... but... the sad part about it, is that to investors (why by day most don't even play games) it's all about money... most of them can care less about the fact that EA ports crappy ports to the PS3... all the see is that Take 2 Net loss for the first quarter was $38.0 million or $0.52 per share, compared to a net loss of $21.5 million or $0.30 per share in the first quarter of fiscal 2007 and that their shares keep going down... and down... even with heavy hitters like Bioshock...
How can you convince investors to keep bleeding money instead of making a ton of money? Isn't that what investment is all about?
Let's not forget that only a few months ago [22-Jan-08] their shares were worth $13.76 and today they are at $25.74 simply because of the news of EA possible buy... that tells you how people feel about Take 2 take over... that investors are investing on the stock like crazy just because EA can buy them.
Remember that never Take 2 shares were this high... the average for their share is like 16.00 that's like $10.00 more!
I can't stand Pachter sometimes... but he is in the business... and he is looking at it from a investor perpective.. not from the eyes of a gamer that only care about the game and not how much money take 2 investors keep bleeding... or don't make...
Sorry, but if you had $1,000,000 invested into Take 2 shares and you knew that you are about to make an extra $300,000 - $400,000 from one day to another, you would give a crap about PS3 inferior ports...
when this all went down. I took the $2200 in profit and ran. Which is also what the two biggest shareholders in Take Two did. Pachter is right from a business stand point. Take Two management is making a mistake by closing off any discussions with EA until after GTA 4 is released. They could probably milk another $2 or $3 a share from them. But after April 29th all bets are off. Management is screwing shareholders they are suppose to be working for.
a so called analist knows more about gaming industry than the developers and shareholders ? NOT
In my experience (I have been on both sides of those) such acquisitions only benefits the higher ups and short-term investors. The higher-ups of the company selling out get big incentives and leave within 6 months to a year (depending on contract). The employees of the acquired company get let go and a few get offered some relocation package (or stay put package). Few people accept the relocation package and those that do end up not staying more than a year anyway once disillusioned by their new work conditions. The acquiring company doesn't care since they got the IP, the legacy customers, and most of all got a competitor out of the way so they automatically increase their market share with no additional efforts.
look at army of 2. complete sh!t. EA sucks yo
No matter what T2's board does, it seems pretty obvious they're just stalling for the release of GTA.
agreed perhaps it is a mistake to turn down EA but as far as i can see, take two did the right thing i mean its obvious, look at the success of mass effect and how that came to be another cash cow to ea, basicly they are trying to that with GTA4, but take two sees what could be the beginning of regrowth and its not unrealistic to think that gta4 wont get that company at least back on black. GTA is a very profitable property and its like halo and granturismo in which even after their release they keep selling well after a year or so, unlike EA'S PROPERTIES which yield for sequels every year. im pretty confident that in the end they might sell to EA or any other company, or they might wait until rockstar's contract expires with take 2 or sell the rest of that contract to another company for a much needed sum. either way whether you're losing money or not as a business man or company you have to stand behind your product and you have to have confident in what you're selling otherwise you're not in the right field. hey the world is run by competitiveness not by sellouts. EA is just taking advantage of the fact that were living under some bad economical times, so they figure lets just buy out the competition while their going broke. heck there was a time when square enix almost went back rob but what did they do? not much just keep pushing the envelope and the numbers of platforms they release their games on, and now they don't need to release on multi-platforms to sell their games. all EA really wants from this company is the ability to get rid off take 2's sports line and own GTA which again take 2 can screw EA if they ever decide to a wall and sell their licenses to others companies for much more its that simple. so patcher maybe wants this to happen like say Thompson guy also? man if rockstar is to be purchase i as a gamer hope the talent walks away like the original sonic developer left sega and sonic became a mediocre series at best. money or not EA doesn't deserve GTA so... thats just my opinion on that.
This proves my point all along, it is almost impossible to fix a broken company and Take Two is a broken company. It will probably never come back and might just end up like Midway or worse Atari. In some ways, this might actually be a positive that EA is buying them because if the company goes under some random company worse than EA could have bought the license to GTA or their sports.
I don't like EA, but certainly hope GTA and Take Two's franchise do NOT go under. I would rather see it mediocre rather than crappy.
Pachter is not talking from a gamer's perspective, so quite your whine, idiots.
GTA will go to sh!t if this goes thru. Props to the Take Two Share Holders for beating the monster with a stick!
Well... Pachter IS working for EA for this matter. It just seems natural he has to say that - he's getting payed lots of cash for that!
Take Two has made the wisest decision.
EA is a fvcked up company who depends on others just because they have cash to spare. They are bloodsuckers who deserve to die a slow and horrible death !
I'd pay to see Patcher's name never mentioned again. I'm sick of this douche.
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