Submitted by The Standard02.25.2008
Thunderdome
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This prediction is closed and has been judged.
Update: This did not occur by the closing date, which the community correctly predicted. Take-Two has rejected EA's offer as too low up to this point and has insisted on waiting until after the game's launch before entering discussions. Therefore, we have judged this event at S$0. -- The Industry Standard
Following the recent report that "Take-Two Interactive Software, publishers of the popular Grand Theft Auto series of games, has received and rejected a US$2 billion acquisition bid from Electronic Arts but left the door open," we're opening up a prediction that EA will ultimately succeed.
This is a prediction that EA will successfully acquire Take-Two Interactive Software by April 29, 2008.
Price History
Prediction Statistics
| Betting Closes: | Apr 29 2008 | Current Consensus: | 11.92% | Total Bets: | 90 |
| Today's Change: | 0% | ||||
| Life Time High: | 74.08% | ||||
| Life Time Low: | 11.92% |
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This seems to be a business wise decision to me.
Indeed. After watching Activision join forces with Blizzard, one can only wonder what might happen to Atari, THQ and Midway. It's almost like EA has thrown a snowball down a snowy mountaintop, and it keeps getting bigger and bigger.
From Alley Insider today: It's "rational" to expect Electronic Arts to raise its bid for Take-Two, the makers of Grand Theft Auto, says Goldman Sachs analyst Mark Wienkes. This seems to be the market consensus, since TTWO is now trading just below ERTS' $26/share offer. But Wienkes also wants the two companies to hurry up and get it over with -- if the deal is going to help Electronic Arts with its 2009 release schedule, it's got to happen soon, he says.
And, "Take-Two’s board is evaluating EA’s tenure offer (for show) and tomorrow it will formally pass. The deal itself expires April 11, and Grand Theft Auto IV won't hit stores until the end of April."
What a roller coaster. Now Take-Two rejects the offer. "Take-Two Interactive Software Inc. (TTWO) told its shareholders not to back Electronic Arts Inc.'s (ERTS) $2 billion takeover offer and said it would begin a review of alternatives that may include a merger."
Well, once again it looks like this is going to be determined far beyond the original closing date. German Govnt Approves Possible Take-Two Acquisition
"It does not appear that the Federal Trade Commission nor the Department of Justice have ruled either way on the filing. The current offer for the attempted hostile take over stands at $25.74 a share and expires on May 16."
May 16? Great...a nice two weeks off. Oh well, should be interesting to see what happens after this closes.
Shouldn't this already be judged? The prediction says that "EA will successfully acquire Take-Two Interactive Software by April 29, 2008" and not just "EA will successfully acquire Take-Two Interactive Software." As I see it, the event did not occur.
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