Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 29, 2016
arrowPress Releases
April 29, 2016
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Take-Two:  GTA IV  Success 'Vindicates' Takeover Strategy
Take-Two: GTA IV Success 'Vindicates' Takeover Strategy
May 2, 2008 | By David Jenkins

May 2, 2008 | By David Jenkins
Comments
    4 comments
More: Console/PC



Take-Two Interactive chairman Strauss Zelnick has stated that the company’s actions to avoid a hostile takeover from Electronic Arts before the release of Grand Theft Auto IV have been vindicated, following a surge in the publisher’s share prices.

“The critical and consumer response to Grand Theft Auto IV vindicates our strategy of waiting until the launch with regard to E.A.’s offer,” said Zelnick in a New York Times interview.

At close of trading on Thursday, Take-Two’s share price stood at $26.09 - higher than that of Electronic Arts’ most recent offer of $25.74 per share. The share price has been slowly falling in the aftermath of Grand Theft Auto IV’s release, though, from a high close to $27.

Take-Two’s board of directors have always maintained that no significant takeover or merger talks will take place until after the release of Rockstar Games’ latest blockbuster. However, Zelnick’s latest comments give no clue as to when and if discussions with Electronic Arts might take a less antagonistic tone.

In the same The New York Times report, Electronic Arts spokesman Jeff Brown indicates that the share price increase “doesn’t change anything”. “We knew the game would be an extraordinary success,” said Brown. “All of that was factored into our offer of $2 billion.”


Related Jobs

Vicarious Visions / Activision
Vicarious Visions / Activision — Albany, New York, United States
[04.29.16]

Animator-Temporary
Telltale Games
Telltale Games — San Rafael, California, United States
[04.28.16]

Cinematic Artist
Trendy Entertainment
Trendy Entertainment — Gainesville, Florida, United States
[04.28.16]

Programmer, Game Play
Media Molecule
Media Molecule — San Francisco, California, United States
[04.28.16]

Server Developer









Loading Comments

loader image