> http://www.neogaf.com/forum/showthread.php?t=148506
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> won't be long before we find out WTF is going on.
It is sh.t from the rumor mill. People are just speculating. If it was that
big, gaming sites that actually have paid reporters like Gamespot or IGN
would have a story, or at least a rumor, by now. There is no way a bunch of
people on a message board know anything about what's going on inside Take
Two. I love that post about EA in attendance with no facts to support it.
Unless EA already owns stock, they're not attending.
The only thing that's going to happen at this meeting according to analysts
who actually have insight into the financial part of this is what the
shareholders originally proposed. They will depose the current CEO and board
of directors, reduce the board to six, and appoint people to run Take Two
better. There is no way that a sale happens tomorrow. The company isn't even
going to propose that solution to the shareholders. It doesn't make any
financial sense for Sony, Microsoft, EA or anybody else to buy Take Two
right now. They could have had the company for A LOT less this past summer
when the stock price was trading at half its current value. Those companies
didn't get to where they were by being financially stupid (well, Sony over
the past year excepted, lol.) Since they're losing money hand over first
because of PS3 and that little loan they've got to pay off, Sony's not even
a likely buyer at any time. They just don't have the cash to pull it off,
especially if Microsoft got into the act to make sure GTA isn't a Sony
exclusive forever and drove up the price. Take Two owned by Sony or
Microsoft would lose even more value because at that point it's not a 3rd
party anymore and MLB would take back their exclusivity deal, which would be
promptly snapped up by EA. I don't even want to contemplate Take Two owned
by EA, that would be the biggest disaster to ever hit the gaming industry.
They'd cut GTA off at the knees to get a T rating.
If they somehow have the cash, Sony buying the company just to get GTA would
also be the biggest waste of money ever. They could have kept it exclusive
for a lot less money than they'd pay for the entire damn company.
I very strongly doubt a sale of Take Two occurs unless the company is on the
edge of bankruptcy in a few months and somebody can get it even cheaper than
they could have last summer. The most interesting aspect of that meeting
will be if they somehow let Jack Thompson speak because he does own stock in
Take Two. Which somebody really ought to take him down on, but Gamespot
seems to be ignorant of that fact so far. Given how much fun Thompson is in
print, he's gotta be a lot more fun when he's got a mic in front of him,
lol. Too bad I won't be able to listen to it.
Brenden D. Chase - 30 Mar 2007 02:08 GMT
>> http://www.neogaf.com/forum/showthread.php?t=148506
>>
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> fun Thompson is in print, he's gotta be a lot more fun when he's got a mic
> in front of him, lol. Too bad I won't be able to listen to it.
Who needs a sale when you can just poison the well??
There's an aweful lot of ties to Sony in here!!!
http://ir.take2games.com/ReleaseDetail.cfm?ReleaseID=235982
The new members of the board:
Strauss Zelnick: founding partner of ZelnickMedia became the new chairman of
Take-Two. Since the formation of ZelnickMedia, Mr. Zelnick and his partners
have led the successful execution of several operational turnarounds,
including Columbia Music Entertainment of Japan and Time-Life. Prior to
founding ZelnickMedia in 2001, Mr. Zelnick held a number of high-level media
industry positions including president and chief executive officer of BMG
Entertainment, president and chief executive officer of Crystal Dynamics, a
producer and distributor of interactive entertainment software, and
president and chief operating officer of 20th Century Fox.
Ben Feder: a partner of ZelnickMedia since 2001. Mr. Feder served previously
as a senior executive at News Corp. He currently serves on the Board of
Directors of Columbia Music Entertainment, traded on the Tokyo Stock
Exchange. Mr. Feder has been named acting CEO, reporting to Mr. Zelnick. The
Board is working with Paul Eibeler, former CEO and President of Take-Two, to
ensure an orderly and effective transition.
Jon J. Moses: CEO of UGO Networks, an online network of game sites. Mr.
Moses previously served as the president of BMG Interactive.
Michael Dornemann: an entertainment and marketing executive with more than
30 years of corporate development, strategic advisory, advertising and media
experience. Previously, Mr. Dornemann was an executive board member of
Bertelsmann AG for 16 years and CEO of BMG Entertainment. As CEO, Mr.
Dornemann was responsible for the oversight of BMG's music, television and
games operations in 56 countries.
Michael James Sheresky: a senior vice president in the Motion Picture
Department at the William Morris Agency. Sheresky focuses on representing
major clients and developing business opportunities across the broad
spectrum of the entertainment industry.
John Levy: incumbent, independent directors of Take-Two.
Grover C. Brown: incumbent, independent directors of Take-Two.
>http://www.neogaf.com/forum/showthread.php?t=148506
>
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>won't be long before we find out WTF is going on.
Are they even up for sale?
Occasionally I monitor TTI on the various
stock & trading boards, never heard anything about
anyone as unholy as M$ buying Take Two.
Still, stranger things have happened.
I think a company like M$ would ruin Take Two.
The creativity would be castrated.