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Geek Culture / Take 2 Takeover?!

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Matt Rock
19
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Joined: 5th Mar 2005
Location: Binghamton NY USA
Posted: 9th Mar 2007 20:33
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Take 2's shareholders, with 46% of the shares, are looking to oust CEO Paul Eibeler and takeover the company... and they might be subsidizing and selling off holdings including 2K games, Joytech, and Jack of All Games. Potential holdings buyers include EA, Ubi, Activision, and Elevation Partners (Bono's [of the band U2] venture capital group). Microsoft has already announced it isn't going to bid, but could this mean Rockstar might land itself in the middle of a tug-of-war?

An article about the possible takeover can be found here. I'm not often surprised when small third party developers get purchased or traded, but Take 2 is a heavy-hitter in the industry, and to me, this is as shocking as what happened to Capcom and surprised me as much as EA's stock-purchase in Ubi. Maybe I'm just easily startled, lol.


"In an interstellar burst, I'm back to save the universe"
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Miguel Melo
19
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Joined: 8th Aug 2005
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Posted: 9th Mar 2007 21:48
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Serves them right.

They downsized all of my dev team (myself included) less than a week before Christmas 1999 on a couple of day's notice. They had just bough DMA (who would then become Rockstar North) so they decided they didn't need internal development in Windsor anymore... and that was that.

I have vague plans for World Domination
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Jeku
Moderator
21
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Joined: 4th Jul 2003
Location: Vancouver, British Columbia, Canada
Posted: 9th Mar 2007 22:06
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That's business. If Take 2 is in trouble then they need to have an overhaul. I think somebody like EA should snap up Rockstar if they go on the chopping block.

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BatVink
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21
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Joined: 4th Apr 2003
Location: Gods own County, UK
Posted: 9th Mar 2007 23:53
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I don't think they are in trouble. They are just an attractive buy and an easy target. I met one of the directors at the end of last year, it sounds like they have a very interesting portfolio of new stuff.



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