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Take Two's Future Looking Shaky 17

Posted by Zonk
from the looking-for-a-little-salvation dept.
In the wake of shareholder interest in replacing the board and CEO, it's little wonder that Take-Two's future is in question. Gamespot is reporting on the possibility of the company being sold to an outside party. Analysts from Wedbush Morgan and Nollenberger Capital offer up opinions on possible interested investors, and the likelihood of the company being sold. "Pachter said a sale was unlikely, noting that a prospective buyer could have picked up the publisher during its stock slump last year for about half what it would have to pay now. In last month's note, Pachter pegged a purchase price of $2 billion (including a premium on the stock price and restructuring costs) on the publisher." Rumours of Microsoft's interest not withstanding, this kind of talk can't be good for the company in general.
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Take Two's Future Looking Shaky

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  • Blah (Score:3, Insightful)

    by Rob T Firefly (844560) on Wednesday March 21, 2007 @02:09PM (#18431927) Homepage Journal

    this kind of talk can't be good for the company in general.
    But it can be very good for people who want to knock that pesky purchase price back down.
  • I Got it! (Score:2, Funny)

    by Cstryon (793006)
    That was Mr. Thompson's plan all along! That Evil bastard.
    • Re: (Score:3, Informative)

      Yep. He even said so himself in a letter to Ars Technica [arstechnica.com]. Of course since his writing implies that he's bat-guano crazy insane, I have a feeling that not much of anything is going to actually happen.

      On a side note, if someone does buy Take-Two for double the price, doesn't that just kinda fit their name?

      • Of course since his writing implies that he's bat-guano crazy insane, I have a feeling that not much of anything is going to actually happen.

        That's slander and I take it as a threat. Stop threatening me.
  • Jack Thompson, with some help from a Vengeful God (tm), has finally defeated his great foe! Huzzah!
    • by GoRK (10018) <(moc.ocbrulb) (ta) (lnhoj)> on Wednesday March 21, 2007 @02:35PM (#18432359) Homepage Journal
      Really it's more like Thompson is seizing on the opportunity of a possible upheaval within Take Two to claim responsibility for their demise (should they actually experience said demise) -- this despite him not actually having that much (if anything) to do with it. One can see similar behavior by observing how many militant groups will attempt to claim credit for bomb/terror attacks they actually had nothing to do with. This technique of making tons of predictions so he can flaunt the few that actually end up meeting with reality has been fairly common from Thompson and for a good reason, too -- it certainly generates a lot of press!
  • Well since the board has alluded that they are gona try and sell the stock prices have gone up around 20%. The shareholders shouldn't be too mad at them for that.
  • It is a rare occasion when I am rooting for MS. I would love to see MS buy Take Two and release the same kind of content Take Two would, then DARE Jack Thompson to sue...
  • You mean this hasn't happened yet?
  • M$ make the purchase and then lock the PS3 out of the GTA series. If xbox360 gets that exclusive, consider the console wars over.

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