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Archive for the tag "buyout"

EA shores up $1 billion in credit for T2 takeover

Saturday, May 10th, 2008 Posted in 2K, EA, Rockstar, Take-Two, Trade | No Comments »

EA's secured a $1 billion credit line to aid it with its proposed $2 billion takeover. The cash is being fronted by Morgan Stanley, BNP Paribas and The Bank of Nova ... Read more..

EA: Take-Two deal now “50/50 at best”

Wednesday, May 7th, 2008 Posted in EA, Take-Two, Trade | No Comments »

GI's landed a whopper this morning, with EA comms head Jeff Brown telling the site that a completion of Take-Two buyout is now "50/50 at best". "We're not desperate and there's ... Read more..

Infogrames buys Atari

Thursday, May 1st, 2008 Posted in Atari, Trade | 2 Comments »

As expected, Infogrames has bought Atari in a transaction costing $11 million. Atari is now a wholly-owned subsidiary of Infogrames. The deal is expected to close out in the third ... Read more..

Warner Bros to give SCi £15 million

Friday, April 25th, 2008 Posted in Eidos, SCi, Trade, Warner Bros. | No Comments »

Warner Bros has confirmed a plan to buy £15 million in SCi stock, and to take control of the publisher's distribution in the US, Canada and Mexico. In addition, SCi said ... Read more..

SCi rejects latest offer, rumour swirls around Time Warner

Wednesday, April 23rd, 2008 Posted in Eidos, Rumour, SCi, Trade, UK | No Comments »

According to GI, SCi rejected the latest offer for the company. From the site: UK publisher SCi has confirmed that it has rejected the latest offer made for the company, saying ... Read more..

SCi confirms “open offer” talks

Monday, April 21st, 2008 Posted in Eidos, SCi, Trade | No Comments »

SCi has issued a statement confirming it is in talks to effectively sell the company, following weeks of speculation that Time Warner, NBC and various other companies are courting the ... Read more..

Zelnick laughs in EA’s face over new offer

Friday, April 18th, 2008 Posted in 2K, EA, Rockstar, Take-Two, Trade | 5 Comments »

Strauss "Packet" Zelnick isn't impressed with EA's new tender offer for Take-Two of $25.74 per share. He's not impressed at all. The reduction in price from $26 per share is based ... Read more..

EA extends Take-Two offer, cuts price

Friday, April 18th, 2008 Posted in 2K, EA, Rockstar, Take-Two, Trade | 1 Comment »

From here: SAN FRANCISCO, April 18 (Reuters) - Electronic Arts Inc (ERTS.O: Quote, Profile, Research) on Friday said it extended its tender offer for Take-Two Interactive Software Inc (TTWO.O: Quote, ... Read more..

Take-Two sued by shareholder

Thursday, April 17th, 2008 Posted in Legalities, Take-Two, Trade | 1 Comment »

Kotaku reports that a Take-Two shareholder is suing the company after it rejected a bid from EA last month. The claimant, Patrick Solomon feels that Take-Two's execs are just holding out ... Read more..

Hickey: EA may have to go to $30 per share for Take-Two

Thursday, April 17th, 2008 Posted in 2K, EA, Rockstar, Take-Two, Trade | No Comments »

Janco's Mike Hickey reckon's EA has only managed to get hold of 25 percent of Take-Two with its tender offer, which expires tomorrow. "We continue to believe EA wants to buy ... Read more..

FTC requests more info from EA on Take-Two offer

Thursday, April 17th, 2008 Posted in 2K, EA, Rockstar, Take-Two, Trade | 7 Comments »

From here: Electronic Arts Inc. said Thursday that it received a second request from the Federal Trade Commission in relation to its proposed $2 billion purchase of Take-Two Interactive Software Inc. EA, ... Read more..

Take-Two receives no stake-holder proposals ahead of AGM

Wednesday, April 16th, 2008 Posted in 2K, EA, Rockstar, Take-Two, Trade | No Comments »

Take-Two's just announced that it has received no stake-holder proposals ahead of its AGM tomorrow. Bet EA's thrilled. From here: Take-Two Interactive Software Inc., which publishes and distributes "Grand Theft Auto" ... Read more..

Ubisoft to buy Indian Gameloft studio

Tuesday, April 15th, 2008 Posted in Development, Gameloft, India, Trade, Ubisoft | No Comments »

According to numerous reports, Ubisoft is to buy Gameloft's Indian development studio for an undisclosed sum. The sub-continental outfit employs 120 game developers and testers, and Ubi plans to build this ... Read more..

EA’s tender bid for Take-Two in excrutiating detail

Monday, April 14th, 2008 Posted in 2K, America, EA, Rockstar, Take-Two, Trade | 3 Comments »

One for the bookmark. You can find the SEC filing detailing EA's tender offer for Take-Two here. Did you know, for example, that the $26 per share offered amounts to ... Read more..

Take-Two to webcast AGM on April 17

Wednesday, April 9th, 2008 Posted in America, Take-Two, Trade | 12 Comments »

Take-Two's AGM, to be held on April 17, will be broadcast live, the company has announced. A listen-only webcast will be available from http://ir.take2games.com for the meeting, which is obviously going ... Read more..

Rockstar Games acquires Mad Doc, forms Rockstar New England

Friday, April 4th, 2008 Posted in Rockstar, Trade | 1 Comment »

Rockstar's bought Bully: Scholarship Edition developer Mad Doc. The acquisition has allowed the Take-Two division to set up Rockstar New England. “The team at Mad Doc Software is extremely talented,” said ... Read more..

Buyout talk boosts SCi share price

Friday, April 4th, 2008 Posted in Eidos, SCi, Trade | No Comments »

The Guardian's speculating that a bid of 80p per share has been put in for SCi. The company's shares rose 20.4 percent today on the news. SCi's stock's trading at 60.5p ... Read more..

THQ buys Elephant

Tuesday, April 1st, 2008 Posted in America, THQ, Trade | 1 Comment »

THQ's confirmed, as predicted, that it's completely the purchase of Elephant Entertainment. Elephant's a casual outfit, and THQ expects to more than 20 games under its new brand in 2008 alone. “The ... Read more..

THQ to buy Elephant Entertainment

Thursday, March 13th, 2008 Posted in America, THQ, Trade | No Comments »

So says this. Apparently THQ is preparing to acquire Minneapolis-based game publisher startup Elephant Entertainment, a company founded by former longtime Atari executive Wim Stocks. Elephant focuses on casual stuff ... Read more..

EA to take Take-Two bid hostile, says WSJ

Thursday, March 13th, 2008 Posted in 2K, EA, Rockstar, Take-Two | 2 Comments »

According to this, the Wall Street Journal is reporting that EA's not gong to wait for Take-Two to decide whether or not its ready for talks and is readying to ... Read more..

Take-Two financials: Bosses say nothing on EA buyout

Wednesday, March 12th, 2008 Posted in 2K, EA, Financials, Rockstar, Take-Two | No Comments »

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 ... Read more..

Infogrames wants answer on Atari buyout by March 11

Friday, March 7th, 2008 Posted in Atari, Trade | No Comments »

According to this, Infogrames is expecting a response from Atari regarding its buyout offer by March 11, next Tuesday. The news was listed in an SEC filing. Infogrames - 51 ... Read more..

Take-Two announcing first-quarter results on March 11

Tuesday, March 4th, 2008 Posted in EA, Take-Two, Trade | No Comments »

Take-Two will announce results for its first quarter - ended January 31 - next Tuesday, March 11 after the close of the NYSE. There's going to be a investor conference ... Read more..

Other companies are interested in Take-Two, says company

Friday, February 29th, 2008 Posted in 2K, EA, Rockstar, Take-Two, Trade | No Comments »

According to this, an SEC filing has shown that since EA put in a bid for Take-Two, the GTA publisher has received other "informal indications of interest in a business ... Read more..

TAKE-TWO-AGGEDON: Everything in one place

Monday, February 25th, 2008 Posted in 2K, EA, Rockstar, Take-Two, Trade | No Comments »

Because we love you. See the links below for absolutely everything related to the EA buyout of Take-Two so far. We read 4,000 websites and listen to conference calls all ... Read more..

Viacom looking at Take-Two buyout, says rumour

Wednesday, February 6th, 2008 Posted in Rumour, Take-Two, Trade | No Comments »

According to this, Viacom boss Sumner Redstone has expressed an interest in buying Take-Two. The author of the report goes to lengths to assure readers this is a rumour. "Viacom wants ... Read more..

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