Electronic Arts (EA)

Electronic Arts (EA)

Postby blid2def » Mon Sep 15, 2008 5:53 am

September 14, 2008

EA drops $2 billion bid to acquire Take-Two

by Steven Musil

Electronic Arts has abandoned its $2 billion bid to acquire rival game maker Take-Two Interactive Software, ending a seven-month takeover effort that turned hostile before the two companies entered private talks last month.

"After careful consideration, including a management presentation and review of other due diligence materials provided by Take-Two Interactive Software, EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two," EA said in a statement Sunday.

The announcement brings to a close EA's long-running but oft-rebuffed effort to acquire Take-Two.

EA took its buyout offer public for the publisher of the wildly popular Grand Theft Auto franchise in February at $26 a share after Take-Two spurned an earlier attempt at a friendly takeover at $25 a share.

Take-Two rejected the $26 offer as too low, and EA launched its hostile bid in March. EA subsequently reduced the offer to $25.74 a share. But repeated extensions and offer revisions seemed to hurt the company's credibility.

EA dropped its hostile bid in August after the two companies agreed to hold private talks about a potential transaction.

A few days later, the Federal Trade Commission said it had conducted an investigation of a merger of the companies, but said no further action was required, and closed the investigation.

http://news.cnet.com/8301-13772_3-10041258-52.html
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Re: Electronic Arts (EA) ERTS

Postby kennynah » Mon Sep 15, 2008 1:12 pm

finally...the game ended...if they had really wanted to acquire, dont see how ERTS could not have succeeded in buying up TTWO
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Re: Electronic Arts (EA) ERTS

Postby blid2def » Mon Sep 15, 2008 1:27 pm

I was under the impression TTWO wasn't looking to sell in the first place.
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Re: Electronic Arts (EA) ERTS

Postby kennynah » Mon Sep 15, 2008 1:29 pm

bro..not many founders are keen to sell away their lifeline... it's usually a hostile acquisition.. maybe ERTS re-evaluated TTWO's business and think they are not gonna fair well going forward...??
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Re: Electronic Arts (EA) ERTS

Postby blid2def » Mon Sep 15, 2008 1:43 pm

Anyway, EA Mythic launches the MMORPG Warhammer Online - Age of Reckoning this week. Several games have come and gone and not been able to challenge Activision Blizzard's wildly successful World of Warcraft (WoW). Age of Conan (Eidos / Funcom) and Warhammer Online were the two most anticipated MMORPG titles to challenge.

Will be interesting to see if Warhammer Online is able to make a dent in WoW's subscriber numbers. Warhammer has a rich history so like WoW (based on the Warcraft franchise), has an established player base out there to be tapped. However, a huge fan base isn't a guarantee of success - as far as I know, games like D&D Online and Lord of the Rings Online haven't been able to get much traction against WoW.
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Re: Electronic Arts (EA) ERTS

Postby kennynah » Mon Sep 15, 2008 1:44 pm

looks like activision emerging as the leader in this sector...
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Re: Electronic Arts (ERTS)

Postby blid2def » Mon Sep 15, 2008 2:08 pm

Their Blizzard snare has given them some strong franchises:
- World of Warcraft, Warcraft, Starcraft, Diablo...

Not to forget their own highly-successful Call of Duty line. I haven't played Guitar Hero, but that seems to be making waves too.

EA, on the other hand, rules the sports games genre, with their EA Sports line. Through Maxim, they own the SimCity and Sims franchise. And through Mythic Online, the old MMORPG - Dark Age of Camelot, as well as the new Warhammer Online.

These two split the market up pretty well. Strategic RPG and combat games for one, sports and "society simulation" games for the other.

But this is just limited to PC games though. Not really sure what the market in the console and mobile games areas looks like.

Here's an article in 2007 comparing EA and Activision head-to-head:
http://www.games.net/article/feature/11 ... -by-genre/
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Re: Electronic Arts (ERTS)

Postby winston » Thu May 07, 2015 8:06 pm

Video-game maker Electronic Arts soars to a fresh 52-week high… up 117% in one year.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Electronic Arts (ERTS)

Postby sschong92 » Thu May 28, 2015 12:02 pm

not vested

ELECTRONIC ARTS INC. Financials

http://finance.yahoo.com/q/is?s=ea

Source:Yahoo Finance
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Re: Electronic Arts (ERTS)

Postby winston » Fri Jun 26, 2015 8:11 pm

Video-game maker Electronic Arts hits a new all-time high… shares rocket 460% over the past three years.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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