PS3 News: Take-Two Finally Accepts EA Buyout Bid...NOT - PS3 News

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Take-Two Finally Accepts EA Buyout Bid...NOT

Update: As we could've guessed, this is nothing more than another April Fool's prank. We've received word from Take-Two's Corporate Communications Advisor, Ed Nebb, that nothing has changed regarding Take-Two's stance on the matter (at least, not since March 26):

"As some have correctly recognized, the posting about Take-Two accepting the EA offer is not true. Take-Two's last public comment on the matter was a release on March 26 rejecting the offer. While this posting probably was an April Fool's joke, we want to correct any mistaken impressions that readers may have."

Original Story:

They resisted as long as they could, but in the end...money talks.

Electronic Arts has failed twice in their attempt to buy out Take-Two Interactive, publishers of the blockbuster Grand Theft Auto franchise. Take-Two said EA's most recent offer - $26/share - was inadequate in multiple respects, but EA didn't go away. They're back again with another raised offer, and while we don't have the specifics, Take-Two won't be passing this time around. The shareholders have spoken:

"After continued discussion, Take Two have shareholders are of the unanimous decision that a buyout of the company and integration into the Electronic Arts corporation is the best way forward for the company," said Strauss Zelnick, chairman of the Take-Two board. "We are aware of tensions this may cause amongst the loyal fanbase that has supported Grand Theft Auto and our other franchises of the year, but rest assured, there will be very little in the way of changes coming from this merger. Electronic Arts solid business models and high productions values will help us to expand our games and the Grand Theft Auto in exciting new directions, and we hope old and new consumers alike will stand by our future endeavours as we move in exciting new directions."

That says it all right there. And if you were wondering, Take-Two's company name, logos and all their trademarks will remain intact despite the EA buyout. We suppose you could think of it as "business as usual," only with another name adorning future boxes of Take-Two video games.

4/1/2008 Ben Dutka

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Comments (18 posts)

ThePoetRazel
Tuesday, April 01, 2008 @ 11:06:28 AM
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Say goodbye to good GTA games. or even decent ones.

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tramp
Tuesday, April 01, 2008 @ 11:11:17 AM
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i second that

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K Phantom
Tuesday, April 01, 2008 @ 11:12:59 AM
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Noooo! is this real or is it another april fools joke? I cant take it, nooo!

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LegioN
Tuesday, April 01, 2008 @ 11:17:30 AM
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This is has got to be a trick :l Goodbye GTA games.

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dillonthebunny
Tuesday, April 01, 2008 @ 12:09:50 PM
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Now, where did I put my black arm band....?

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monomilkman
Tuesday, April 01, 2008 @ 12:18:36 PM
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lmao another april fools joke, clearly

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dillonthebunny
Tuesday, April 01, 2008 @ 12:21:08 PM
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i believe youre right Monomilkman.


this is a wind up...


*puts black arm band away*

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OtisFeelgood
Tuesday, April 01, 2008 @ 1:48:02 PM
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I hope this is a joke... lol

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Zapix
Tuesday, April 01, 2008 @ 2:10:55 PM
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now THIS is a cruel april fools joke!

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Zapix
Tuesday, April 01, 2008 @ 2:20:21 PM
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Actually, I just did some reading. Take2 hasn't accepted, but it does seem the shareholders are meeting on April 17th to override the board of directors and sell out to EA. THIS IS NOT an April Fools joke. Read this info on forbes.com, it was posted yesterday.


http://www.forbes.com/reuters/feeds/reuters/2008/03/31/2008-03-31T222624Z_01_N31394366_RTRIDST_0_TAKETWO-UPDATE-2-REPEAT.html

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tramp
Tuesday, April 01, 2008 @ 2:44:03 PM
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its a joke......if it wasnt i would think that they would still manage to f**k up GTA4 some how,after all it is EA

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RuvenDRAN
Tuesday, April 01, 2008 @ 3:16:25 PM
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I guess the next GTA will feature the sims in it

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Bugzbunny109
Tuesday, April 01, 2008 @ 5:05:16 PM

lol you are right, also probably have barbie in it too

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danr
Tuesday, April 01, 2008 @ 4:33:07 PM
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1) rule for life: dont belive any news stories from around april the 1st,
2) theres only like 4 weeks left till launch of gta4, so i doubt that ea would be able to change it much.

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Deleted User
Tuesday, April 01, 2008 @ 5:31:10 PM
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Come on people with all the "jokes" coming from Psx Extreme today and only PSX why do so many people believe this?

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Mystearica
Tuesday, April 01, 2008 @ 7:24:07 PM
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LOLOLOLOLOL " We've received word from Take-Two's Corporate Communications Advisor, Ed Nebb, that nothing has changed regarding Take-Two's stance on the matter (at least, not since March 26):"

Must have taken it seriously!!!

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K Phantom
Tuesday, April 01, 2008 @ 7:25:53 PM
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Yaaaay thank u for the good update, i almost killed myself a few minutes ago so well i get to live more.. take 2 rules

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Thechin80
Wednesday, April 02, 2008 @ 3:53:10 AM
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Its april fools again1There's no way that Take Two is gonna let EA buy them out before the release of their biggest game.You have to be stupid to believe this.

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