takeover
Analysis: THQ might be eyeing Take-Two, too
There has been nauseating levels of acquisition talk in the videogame industry the past couple of months. Although EA hasn’t yet been successful in acquiring Take-Two, another major publisher is getting ready to go shopping for game companies. According to Reuters, game publisher THQ is contemplating a takeover. This leaves us to the question, is it among the mysterious “other bidders” that Take-Two talks about very often?
THQ CEO Brian Farrell told Reuters on Thursday (May 3, 2008) that there are some acquisition opportunities in…
Rockstar acquires Mad Doc, forms Rockstar New England
Take-Two-owned developer Rockstar Games recently brought game development firm Mad Doc Software which will now be known as Rockstar New England. The acquisition was announced on Friday April 4, 2008. Mad Doc is based in Andover, Massachusetts and develops game technologies and integrating them into games for clients. Its areas of expertise span video game more »
Analyst says EA eying Take-Two’s sports portfolio
Wedbush Stanley’s lead videogame analyst, Michael Pachter, believes that Electronics Arts might have launched its bid for Take-Two in order to take control of the latter’s sports game division, 2K Sports, which is its only notable competitor in the sports game genre. He told Game Politics that the $26 a share price that EA has offered is fair enough and rebuffed any likelihood of any bidding war for Take-Two.
“I do not think there’s another bidder,” Pachter said. “I don’t think there’s any prayer of a bidding war.” He further suggested that it didn’t make sense for…
Electronic Arts makes $2 billion offer to Take-Two
EA has decided the best way to preserve its ascendancy by making a big acquisition – or, at least, try to. The publisher announced on Sunday (February 24, 2008) that it has placed a $2 billion acquisition-bid for Take-Two Interactive at $26 per share. Take-Two rejected the offer, posting a response on its site.
EA also released excerpts from the offer letter (dated February 19, 2008) written by its CEO John Riccitiello to his Take-Two counterpart Strauss Zelnick:
Rumor Confirmed: Eidos approached to be purchased by unnamed company
SCi Entertainment Group, aka Eidos, released a statement to the London Stock Exchange that confirms speculation that it was approached by an unnamed company with an offer.
The rumors began when SCi Entertainment acquired Eidos Interactive May 2005. Since then the company admits being approached multiple times in January 2006 with Midway and Vivendi Games rumored to be among the companies making offers. Talks of a take over were believed to have ended February 2006 until, in October 2006, there where rumors of…
