Top
460°

Pachter: "Take-Two's Board has made a mistake"

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".

Read Full Story >>
videogaming247.com
The story is too old to be commented.
Stryfeno13381d ago

I'll pay $26 for Patcher to dissapear on this subject. Leave Take Two alone.

PopEmUp3380d ago

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

BlackIceJoe3381d ago

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.

Bladestar3381d ago

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...
GTA who?

crck3381d ago (Edited 3381d ago )

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.

mariusmal3381d ago

a so called analist knows more about gaming industry than the developers and shareholders ? NOT

RealityCheck3381d ago (Edited 3381d ago )

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.

replikka3381d ago

look at army of 2. complete sh!t. EA sucks yo

Show all comments (17)
The story is too old to be commented.