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Take-Two and EA fiasco is indeed a fiasco
BY Matthew Razak Jan. 2nd, 2009 More on:

Most of the time members of top ten lists can be argued to the ends of Earth, but I don’t think anyone is going to call foul with The UBS Global Media & Communications Conference in New York who has listed the whole Take-Two/EA buyout debacle as the second worst media deal of 2008, and the egg is on Take-Two’s face. Those silly GTA guys basically missed out on one of the best money making opportunities of the year.

See, EA was offering to buy Take-Two’s stock at $25.75, which was a really high premium at the time and, considering their stock is hovering at about $8, must look even better now than before. Then again, the whole stock market is down, and EA is at $17 bucks. Still, the fine men and women running Take-Two could be rolling in a lot more money than they are right now. However, they can rest easy that they are not the only dumb media corporations out there (or the only dumb corporations in general judging from the current economy) as CBS, Time Warner and Yahoo were, uhhh, honored too.

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    1. Staggs
      January 2nd, 2009
      at 10:58 pm

      Take-Two makes better games than EA’s huge, corporate, entertainment asshole ever will pop out. I respect Take-Two because they know how EA is bad for the industry that is supposed to be made of smaller, focused video game developers.

      Gaming has gotten too big. I applaud Take-Two because of their stance.

        Reply
      Thom Dinsdale
      January 3rd, 2009
      at 5:35 am

      That picture was the best little bit of photoshopping I’ve done In my entire life.

        Reply
      Matthew Razak
      January 3rd, 2009
      at 10:32 am

      old times should have been possesive now that I think about it, right?

        Reply

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