[Xbox] Re: Take-Two rejects EA acquisition proposal

If this does go thru...which almost seems an inevitability...what happens to the sports franchises????

--- In Xbox@yahoogroups.com, "Nelson Pacheco" <nelson@...> wrote:
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> http://feeds.joystiq.com/~r/weblogsinc/joystiq/~3/240539075/

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> Filed under: Business
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> Apparently, it didn't take them very long to consider Electronic Arts' somewhat hostile
buyout proposal -- Take-Two's Board of Directors just responded to the offer with a press
release of their own, stating that EA CEO John Riccitiello's proposal was "inadequate in
multiple respects and not in the best interests of Take-Two's stockholders."
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> While EA's proposal listed Grand Theft Auto IV as a primary reason for the merger, as
Riccitiello claimed EA could lend their help during the game's quickly approaching release,
Strauss Zelnick, Take-Two's executive chairman, listed GTAIV as the primary reason why
they wouldn't want to merge at this point in time, fully expecting to increase their overall
value when the game hits store shelves come April 29.
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> Zelnick's laundry list of reasons why the buyout wouldn't benefit his company can be
found on the press release. For now, let us rejoice in the postponement of the seemingly
inevitable future where one superconglomerated gaming publisher/developer controls all
game releases on the planet. Read | Permalink | Email this | Comments
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