Results 1 to 3 of 3

Thread: EA Drops 2K Takeover Bid, New Approach

  1. #1
    DanQ
    Apolyton CS Co-Founder DanQ's Avatar
    Join Date
    01 Aug 1998
    Location
    Ontario, Canada
    Posts
    11,388
    Country
    This is DanQ's Country Flag
    Thanks
    0
    Thanked 1 Time in 1 Post
    Local Date
    April 17, 2014
    Local Time
    00:26

    EA Drops 2K Takeover Bid, New Approach

    The hostile takeover bid of of game publisher and developer Take-Two Interactive (TTI) by rival Electronic Arts (EA) expired yesterday. EA Chief Executive Officer John Riccitiello made it clear in a letter to Strauss Zelnick, Executive Chairman of TTI's Board of Directors, and posted on EA's website, that they were no longer pleased with the timing of the would-be deal.

    [W]e no longer believe we can integrate Take-Two ahead of the important holiday season. Accordingly, we require due diligence to support a transaction and are therefore letting the tender offer expire tonight.
    That said, it appears that only this chapter in the story has ended and not the story itself. Riccitiello's letter continues:

    However, we are pleased to accept your offer to review your management presentation as outlined in your letter. We continue to have great respect for Take-Two's creative teams and products and are hopeful that we can work together to reach a mutually agreed transaction.
    EA includes Zelnick's letter in question immediately after their CEO's response.

    Thank you for your recent expression of interest [of your company] to participate in [our] formal process to evaluate [our] strategic alternatives. [..] As I mentioned when we spoke on Friday, our process begins with an in-depth management presentation. [..] I believe our presentation will enable you to understand better the value of our [c]ompany to EA.
    No specific timeline on the delivery of this presentation is suggested, but Zelnick does indicate that they "will act quickly to assist you in moving through our process" given the months that have passed since EA first expressed an interest in acquiring TTI.
    PolyCast Co-Host, Owner and Producer: entertaining | informing civ
    >> PolyCast Episode 196, TurnCast #46 -- Get Social (One More Turn Episode 3)

  2. #2
    Maniac
    Apolyton Sage No. 5 Maniac's Avatar
    Join Date
    08 Jul 1999
    Location
    Gent, Belgium
    Posts
    10,733
    Country
    This is Maniac's Country Flag
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Local Date
    April 17, 2014
    Local Time
    05:26
    It isn't over yet! / (choose whichever you find appropriate)
    Contraria sunt Complementa. -- Niels Bohr
    Mods: SMAniaC (SMAC) & Planetfall (Civ4)

  3. #3
    DanQ
    Apolyton CS Co-Founder DanQ's Avatar
    Join Date
    01 Aug 1998
    Location
    Ontario, Canada
    Posts
    11,388
    Country
    This is DanQ's Country Flag
    Thanks
    0
    Thanked 1 Time in 1 Post
    Local Date
    April 17, 2014
    Local Time
    00:26
    Originally posted by Maniac
    It isn't over yet! / (choose whichever you find appropriate)
    QFT.
    PolyCast Co-Host, Owner and Producer: entertaining | informing civ
    >> PolyCast Episode 196, TurnCast #46 -- Get Social (One More Turn Episode 3)

Similar Threads

  1. AI takeover of PAL
    By Swiss Pauli in forum C4BtSDG Realms Beyond
    Replies: 27
    Last Post: September 12, 2009, 14:17
  2. Settler vrs takeover
    By KeiserSose in forum Civilization IV General
    Replies: 20
    Last Post: March 13, 2006, 22:27
  3. cultural takeover - what happens to my units
    By temacc in forum Civ3-Strategy-Archive
    Replies: 20
    Last Post: February 18, 2002, 06:31
  4. cultural takeover
    By narmox in forum Civ3-Strategy-Archive
    Replies: 0
    Last Post: November 13, 2001, 17:09
  5. Reminder to takeover players
    By Tau Ceti in forum AC-Multiplaying-Archive
    Replies: 0
    Last Post: October 23, 2000, 16:55

Visitors found this page by searching for:

ea takeover

powered by vBulletin electronic arts

2k games hostile takeover attempt history

ea hostile takeover 2k

2ktakeover

powered by vBulletin board of trustees

www.2ktakeover.com

2k games hostile takeover

takeover offer to expire

electronic arts takeover

2k take over.com

electronic arts board strategic alternatives

powered by vBulletin story of civilization

2K forums EA

2ktakeover.com

ea takeover bid for take

problems in new interactive bidding approach

2k taking over ea

Bookmarks

Posting Permissions