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Take-Two takes post-EA stock-hit

Monday, 15th September 2008 12:47 GMT By Patrick Garratt

t2logo.jpg

Take-Two’s share have dropped 5.1 percent this morning, following news that EA has officially walked away from buyout negotiations with the firm.

“It boils down to price negotiations and the two companies not being able to come to terms,” said Arvind Bhatia, a Dallas- based analyst with Sterne Agee & Leach Inc. “Take-Two shares will likely trade back to the levels they were before EA’s bid.”

Short! This does now constitute advice. More on Bloomberg.

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7 Comments

  1. Newbie101

    I know there will be loads of people saying ‘Great, yadadada, EA taking over the world’ but I honestly think T2 will regret this.

    #1 6 years ago
  2. patlike

    I agree. Logic dictates that Zelnick and Feder have done a very stupid thing. Maybe they’ll prove us wrong.

    #2 6 years ago
  3. Psychotext

    It has an awful long way to go before it hits pre takeover offer levels.

    #3 6 years ago
  4. Tiger Walts

    I think we should wait until the GTA4 DLC before saying whether it was a sound decision or not.

    #4 6 years ago
  5. Psychotext

    I don’t know if the DLC is going to make any difference. Anything they make from it will be going directly to MS anyway.

    #5 6 years ago
  6. patlike

    I wouldn’t be at all surprised to see the price drop back rapidly. Ten, 20, 30 percent off a share is nothing in the grand scheme of things. Happens all day, every day.

    I think the wisdom of the decision will be felt in the long-term. The question is whether or not T2 has the IP to survive and expand as a major player. My personal opinion is that it doesn’t.

    #6 6 years ago
  7. scuz

    thank fuck for that.

    #7 6 years ago

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