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EA And Take-Two Come Together In Management Presentation?

Isn't it about time for another EA/Take-Two update? Yes, yes it is.

As Ripten reports, Take-Two clearly wants more money out of EA, whose offer of $25.74/share needs to be updated to reflect the gargantuan impact Grand Theft Auto IV has had. But the companies are clearly willing to work through their differences, as two e-mails passed between EA CEO John Riccitiello and Take-Two chairman and president Strauss Zelnick prove the two could be talking very soon. But perhaps first and foremost, Riccitiello said in his message that they "don't believe we can integrate Take-Two ahead of the important holiday season." For now, the next stage would be for EA to sit in on a Take-Two management presentation, and that appears to be the plan. Here's part of Zelnick's e-mail:

"As I mentioned when we spoke on Friday, our process begins with an in-depth management presentation. The Company has made significant strides since EA first expressed interest in the Company and this presentation includes material non-public information to which you would not otherwise have access, including information relating to our three year product release schedule and management’s financial projections.

The presentation also includes information about the underlying factors that have driven our strong operational and financial performance. I believe our presentation will enable you to understand better the value of our Company to EA. Prior to the management presentation, we will only require EA to enter into a confidentiality agreement...

...We understand that a number of months have passed since you first expressed interest in the Company and, accordingly, we will act quickly to assist you in moving through our process. Once we execute a confidentiality agreement, we are prepared to schedule the management presentation immediately."

Obviously, it's not like these two companies hate each other, despite the "hostile takeover" terminology. It won't be long before EA signs that confidentiality agreement, and EA sits down with Take-Two to view the management presentation. From there...well, maybe the future is inevitable.

8/18/2008 Ben Dutka

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Comments (18 posts)

Fatcat3788
Monday, August 18, 2008 @ 9:59:25 PM
Reply

err... I have no idea how I feel about this... EA used to have a bad name, but with dead space coming out and a whole bunch of other great line-ups I'm not so sure... Just hope GTA doesn't turn crappy.

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AceTatsujin
Monday, August 18, 2008 @ 9:59:28 PM
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So are you saying EA wants to take over Take-Two? That's a NIGHTMARE! What the hell is Take-Two doing?! ... Arrrgh ...

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Jed
Monday, August 18, 2008 @ 10:48:17 PM
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You cant so no to that much money, if you do, they will only offer more. I admire take two for holding out for so long, but it is inevitable that EA will EAt them up.

Last edited by Jed on 8/18/2008 10:48:48 PM

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WaR_HaWk
Monday, August 18, 2008 @ 10:49:07 PM
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i think EA wants to "MILK" GTA franchise, by releasing a new game every year

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MetalHead09
Monday, August 18, 2008 @ 10:58:28 PM
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well ive bin against an ea buy out of take two from the start and i aint bin a big fan of ea for quite some time now so im hopeing that ea stops throwing their money around like microsoft and buying what they dont have, (namely talent) and ruining it. take two is a fantastic company and they dont need to merge with anybody else to put out great content.

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MetalHead09
Monday, August 18, 2008 @ 11:12:54 PM
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ok im sorry, maybe i was a little to harsh about ea so im sorry ea fans. its just a lot of what they do sometimes just sounds more like greed than trying to take the industry to new heights.

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Scarecrow
Monday, August 18, 2008 @ 11:15:45 PM
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I think this is the last GTA I'll buy.

I don't think it can get any better than GTAIV.

If EA takes Take-Two then I'll definitely not buy anything from them.

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MarvelZombies
Tuesday, August 19, 2008 @ 12:23:21 AM
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EA sucks...I hope that this deal doesn't go through...

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AceTatsujin
Tuesday, August 19, 2008 @ 1:30:05 AM
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Take-Two screwed up, if I was the chairman of Take-Two I'd say no, even if they offered a freaking 40 trillion US dollars. You can't sell a masterpiece, because you just can't invent another masterpiece like GTA ... If EA takes over Take-Two. I'm done with GTA's future games for good. And I mean it.

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danr
Tuesday, August 19, 2008 @ 4:52:54 AM

I dunno... 40 trillion dollars is a fair bit... :D

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MirrorSoul
Tuesday, August 19, 2008 @ 6:15:39 AM
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This is alright with me.Take Two is basically say "If We join we're making rules on how are games are made not you" they are setting the standards and wont have EA milk them as it has other companies.No there wont be a new GTA every year.Rockstar wouldnt allow that.
Do you think im right Ben?

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Czer
Tuesday, August 19, 2008 @ 9:45:44 AM
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wow.... i knew sooner or later it was bound to happen lmao

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m2tbo
Tuesday, August 19, 2008 @ 9:55:06 AM
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I think this is great for take-two they have held off EA from just buying them out and want to prove they are more valuable than EA thinks. If the deal happens on Take-Two's terms then Take-Two will have access to EA's incredible resources and be able to make better games than ever.

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Killa_5150
Tuesday, August 19, 2008 @ 12:14:45 PM
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nooo!
I hate EA, Take 2/R* games are excellt by them self. I don't want EA to touch GTA 5, its gonna suck if EA gets involved in GTA 5 production!

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LightShow
Tuesday, August 19, 2008 @ 4:33:51 PM
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=/ im not sure how i feel about this. Sometimes games dont get the polish they deserve when the higher-ups want to keep cranking the suckers out.

there's something to be said about the additional resources available to a gigantic conglomerate, but without the time and money a studio needs, the game just doesn't come out right.

ive held a generally dim view of EA for quite a while, yet they do seem to give their big names a little wiggle room. If Take 2 takes the money, I hope EA has the sense to give them the R* treatment.

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Bugzbunny109
Tuesday, August 19, 2008 @ 6:54:14 PM
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EA doesn't seem TOO evil to me anymore, so i am cool with them joining forces with take 2.

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AceTatsujin
Tuesday, August 19, 2008 @ 7:43:18 PM
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EA releases more games than any other company, and only a fair, and a SMALL fair minimum of those games are good to play with. Take-Two plain and simple, owns EA and EA wants them. EA needs to lay off and Take-Two needs to cancel the deal. I don't buy EA games honestly, I barely buy most of their stupid games. This year, and right now, I own from EA:-

Burnout Paradise
Crysis (PC)

And thats it. No, I'm not getting Mirror. It looks ridiculous (graphics).

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Knightedrik
Saturday, August 23, 2008 @ 12:03:30 AM
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The picture provided by PSXE at the top of the page says it all... nuff said.

Last edited by Knightedrik on 8/23/2008 12:03:51 AM

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