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FEBUPDATED: EA offers $2 billion for Take Two
GTAGaming.com - Rockstar/Take2 News | @ 01:56 PM MDT | By Neil
Update: Take Two have just announced that the latest offer, of $26 per share has been rejected.
Electronic Arts today announced that it has made an offer to purchase Take Two, parent company of Rockstar Games, for around $2 billion.
EA proposed $25 cash for each share of Take Two, an offer which was rejected. A further offer has now been made, of $26 per share, which EA CEO John Riccitiello claims is a "unique opportunity" for shareholders. At the close of business on Friday, Take Two's shares were valued at $17.36 each. The $26 offer is almost $2 greater than the company's highest share price in the past twelve months.
FEBZelnick tells EA, Challenge This! *Update*
GTAGaming.com - General News | @ 10:59 PM MDT | By Kodo
Update: After reading Herb Greenberg's outlook on Take2's rejection, one has to re-examine if Zelnick cares about GTAIV more than money. Mr. Greenberg provides a perspective of Take2 and ZelnickMedia placing themselves before shareholders. The core issue still stands, though, and that is some gamers do not want to see GTA IV and subsequent titles in the series produced by EA.
In the interest of sharing some thoughts on the recent offer by EA to Take-Two this post has been created. Maybe we could say thank you Strauss Zelnick, executive chairman, and the rest of the Board of Take-Two for declining EA's offers. At least they stand behind their product when facing a monopoly. EA is not helping the game industry progress forward in terms of innovative and quality games, it seems they only see green. Do they seek GTA IV or do they just want a monopoly on sports titles? This could be an awakening for them.
Therefore, we offered to initiate discussions with EA on April 30th, 2008 (the day after Grand Theft Auto IV is scheduled to release). We believe this offer demonstrated our commitment to pursuing all avenues to maximize stockholder value, while we believe that EA's refusal to entertain this path is evidence of their desire to acquire Take-Two at a significant discount, whereas we believe this value rightly belongs to our stockholders.
Plainly stated, Mr. Zelnick politely and firmly says thanks, but no thanks. If Zelnick is in it only for money, that may be so, but something may be different about it. It is possible that he has a greater focus of excellence and money is only a byproduct of his drive, but time will reveal the truth. Back in March, he did say, "I'm much more interested in growing the business than in selling it, to be clear. I would say for the next five to seven years this is a terrific time to be in the video game business."
After reading the press release a message jumped out: The company has faith in their product. Producers and developers with faith in the product will evolve video games to greater levels. How do you feel about this offer by EA? All comments will be appreciated.
FEBEA wouldn't change GTA, only sell more
GTAGaming.com - Rockstar/Take2 News | @ 06:12 PM MDT | By rappo
Following a day filled with news of Electronic Arts wanting to buy out Take-Two Interactive, Take-Two's subsequent rejection, and a plethora of Grand Theft Auto and Bioshock fans expressing their own concerns, EA CEO John Riccitiello has decided to share the details of his plans, if all had gone well.
I wouldn't change a line of code in "BioShock" nor would I in "GTA" or "Max Payne"... what we would do is sell more of it.
John Riccitello, CEO - Electronic Arts
Riccitello also went on to explain that EA lacks M-rated content and that an acquisition of Take-Two would have certainly boosted EA in that department (which, ironically, was one of the many concerns that GTA fans expressed - many feared that the franchise would be censored or dumbed down to better follow EA's standards). When asked about the apparent monopoly that EA would have over sports games if the Take-Two deal went through, Riccitello suggested that they would have still had rivals such as "Wii Sports" and "Hot Shots Golf".
It's impossible to tell in what direction the GTA franchise would have gone if EA's offer wasn't rejected, just as it's impossible to tell if Riccitello's explanations were what he had in mind before yesterday's publicity and outrage. I think it's safe to say, however, that Grand Theft Auto is in no imminent danger - so for now it's onward to GTA IV!
Source: MTV Multiplayer
FEBWave of previews provide new screenshots and info
Grand Theft Auto IV - General News | @ 12:03 PM MDT | By rappo
Rockstar has been making its rounds, and another wave of GTA IV previews has finally hit gaming sites across the Internet. Each website has something different to offer - mission information, physics and AI reviews, and much more. Here are a majority of the reviews available today:
Here's a collection of some of the new or interesting information gathered from the previews:
We'll be updating some of our GTA IV content pages today with any new information.
Discuss the new previews in our GTA IV forums
FEB3 new screenshots, 1 artwork
Grand Theft Auto IV - General News | @ 04:03 PM MDT | By Slim Trashman
FEBContent updates and reminders
Grand Theft Auto IV - Website Updates | @ 04:30 PM MDT | By rappo
Throughout the past couple weeks of official site updates and game previews, a lot of new information and screenshots were released. Although we tend to keep features lists to news posts, a lot more has been published, including weapons and vehicles sightings, some soundtrack information, and official Xbox 360 controls. As a result, we're just reminding everybody about our GTA IV zone on GTAGaming where you can find all the info mentioned above.
FEB"Doing the social vibe since" '92
Grand Theft Auto IV - Community News | @ 06:07 PM MDT | By Slim Trashman
Brotha, the master of spoofing GTA IV videos with earlier entries of the Grand Theft Auto series, is back with another new video. This one is a spoof off of the Whiz Wireless video using San Andreas. Check it out below!
Brotha has also recently created another fan map of Liberty City, ever since the general layout of the map has been "officially" revealed.
Click to view full size
FEBGTA IV to run at least at 30 FPS
Grand Theft Auto IV - General News | @ 09:02 PM MDT | By Slim Trashman
On today's 1UP Yours podcast, the crew over at 1UP.com discussed their experience checking out GTA IV at one of Rockstar's headquarters and claimed that the game "ran beautifully" for both the PS3 and 360 versions, at at least 30 frames per second.
The rest of their GTA IV discussion does not really include anything new, but its interesting to listen to nonetheless. They spend a good 10 plus minutes or so discussing the game.
Check out the podcast | N4G article
Thanks to C-Bullets for the information!
MAREGM previews GTA IV, exclusive interview with Sam Houser
Grand Theft Auto IV - General News | @ 01:49 PM MDT | By Slim Trashman
EGM subscribers have received their April 2008 issues a bit earlier than expected, but found it to contain a new preview of GTA IV and exclusive interview with Rockstar Games President Sam Houser. There is also an interview with the "brewer of the Hot Coffee", PatrickW, on the 10th page of the preview.
New information is noted below:
In addition to this new information, three new screenshots were revealed, which you can check out below and above.
MARNiko graffiti art discovered on New York wall
Grand Theft Auto IV - General News | @ 10:57 PM MDT | By Slim Trashman
It would appear that those Wanted posters of GTA IV characters worked out for the better. Niko Bellic has been spotted (by LiveJournal user, 3rdrate) on a wall in Williamsburg, Brooklyn at the corner of North 5th St. & Bedford Ave.
3rdrate claimed that it just appeared one day when he spotted it. He also brought up something quite interesting on his LiveJournal page. Different characters' wanted posters were put up depending on where you live, as in, Niko's would appear in Brooklyn, Broker, where Niko lives. This could imply that for example, Elizabeta's would appear in the Bronx, Bohan. Very interesting, very creative marketing team Rockstar has got. Perhaps this will trigger a hunt for the rest of the characters around New York City! The search is on, we'll let you know if anyone else is spotted!
Source: PlanetGTA | Picture Credit: 3rdrate
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