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 Send to email | Goldman: Expect Electronic Arts To Raise Take-Two Offer (ERTS, TTWO) in General |  By Silicon
el 25-Mar-2008 |
GTA IV: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
 It's "rational" to expect Electronic Arts to raise its bid for Take-Two, the makers of Grand Theft Auto, says Goldman Sachs analyst Mark Wienkes. This seems to be the market consensus, since TTWO is now trading just below ERTS' $26/share offer. But Wienkes also wants the two companies to hurry up and get it over with -- if the deal is going to help Electronic Arts with its 2009 release schedule, it's got to happen soon, he says.
For that same reason, count on Take-Two management to draw this out and try to push its takeout price up. Take-Two's board is evaluating EA's tenure offer (for show) and tomorrow it will formally pass. The deal itself expires April 11, and Grand Theft Auto IV won't hit stores until the end of April. We've figured that the game's success is already priced into the stock, but TTWO management has been adamant in arguing that it has a bump coming.
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| Electronic Arts: We're Not Raising Take-Two Offer - Yet (ERTS, TTWO) | | Electronic Arts' response to Take-Two's formal dismissal of its $2 billion, $26/share buyout offer: Some paperwork. Technically, EA (ERTS) is extending its offer for an extra week, and carping about the poision pill Take-Two (TTWO) created earlier this week. What it didn't do: Raise its bid.
So essentially we're at the same place we've been at for several weeks: EA wants to buy Take-Two, [..] Read complete article | | Published 28-Mar-2008 by Silicon in ERTSTTWO
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| Does Take-Two Have Other Suitors? (TTWO, ERTS) |  Take-Two (TTWO) predictably rejected Electronic Arts' (ERTS) $25.74 per share bid for the company once again, after EA extended the deadline for the bid, once again. But TTWO chairman Strauss Zelnick's had one interesting nugget in his statement:
[..] Read complete article | | Published 19-May-2008 by Silicon in ERTSTTWO
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| Electronic Arts CFO Out (ERTS, TTWO) | | Electronic Arts (ERTS) CFO Warren Jenson is leaving the company in the midst of EA's $2 billion bid to buy Take-Two Interactive (TTWO), the makers of Grand Theft Auto. The company hasn't announced a replacement, though they say they will soo [..] Read complete article | | Published 24-Mar-2008 by Silicon in ERTSTTWO
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| EA Extends Take-Two Tender Offer [EA Take-Two] | | Following last night's Take-Two shareholder meeting, which Leigh was kind enough to cover, Electronic Arts has announced that they are extending the deadline on their tender offer to May 16th, 2008. The offer was originally extended from its original April 11 [..] Read complete article | | Published 18-Apr-2008 by Mike Fahey in BusinessEA Take-TwoIndustryTake-two Interactivetakeovertender offer
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Yesterday Take-Two shareholders approved a compensation package for its managers which also effectively told Electronic Arts to take a hike. EA's (ERTS) response this morning: Why don't you take anot [..] 
Goldman Sachs thinks Merrill Lynch (MER), reeling from its $32 billion mortgage gambling tab, needs to raise another $5-$10 billion to bolster its balance sheet. Ho [..] 
