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Zelnickmedia

Zelnick: We will stay profitable on non-GTA years

Speaking to VentureBeat at E3 last week, Take-Two boss Strauss Zelnick has said that one of his main challenges since taking over at the firm has been to deliver a business that’s stable in the “off” years from GTA – and he feels as though he’s close to achieving it. “We aren’t giving guidance for […]

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Zelnickmedia headlines

  • Take-Two to EA: Your offer isn't high enough

    Strauss Zelnick, Take-Two’s chairman, has responded to EA’s offer extension to July 18 with the same line he’s always stuck to – the price isn’t high enough. “The latest extension of EA’s unsolicited, highly conditional tender offer does not alter the fact that their proposal still significantly undervalues Take-Two, a fact that is reflected in […]

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  • EA extends Take-Two offer to June 16, Zelnick responds

    EA has confirmed it is to extend its $25.74 per share tender offer to buy Take-Two to June 16, to which Take-Two’s responded in the predictably nonchalant way, saying the offer undervalues the company. EA had acquired only 8 percent of Take-Two’s shares before its deal offer timed-out on Friday. “This is the same highly […]

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  • Take-Two financials: Bosses say nothing on EA buyout

    In an investor call last night following the release of Q1 financials, Take-Two refused to talk about the recent $2 billion offer from EA, saying only that it had rejected the bid. From Gamasutra: Throughout the call, all executives stressed that the forthcoming quarter, fiscal year, and into 2009 were well positioned to “reap the […]

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  • Take-Two board facing investor suit and possible coup

    According to this, a Take-Two investor is bringing legal action again ZelnickMedia – the company in charge of Take-Two – for giving itself a substantial financial reward in the instance of a take-over and “asks for the enforcement of stockholders’ right to nominate and elect directors at Take-Two’s 2008 annual meeting.” “While the original management […]

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  • ZelnickMedia payout draws Wall Street's attention

    According to this, ZelnickMedia, the investment firm in charge of Take-Two, engineered a new payout system for itself shortly after EA put in its first offer for the publisher. In the event of a sale, the report says, ZelnickMedia would now get a large payout. The news has obviously drawn attention from regulators overnight, especially […]

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