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Take-Two shares wobbly post-GTAIV launch

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Uncertainty over buyout leads analyst to downgrade stock; company chairman claims vindication at critical, commercial response to Rockstar's latest.

From the day Electronic Arts first went public with its bid to buy Take-Two Interactive, the takeover target and owner of Grand Theft Auto IV publisher Rockstar Games has been consistent with its response. Take-Two chairman Strauss Zelnick reiterated the opinion that EA's original $26 per share offer undervalued the company's worth when rejecting said offer during a shareholders' meeting last month. However, he also said the Take-Two board would be open to entering discussions after GTAIV went on sale April 29.
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gamespot.com
cjseaton - contributor
Published: 605 days 17 hours ago | News | Industry News
 
 

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Nameless - 605 days 14 hours ago
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Take Two may be making money now but they will be back to square one when the hype dies down with making no money
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Captain Tuttle - 605 days 13 hours ago
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1.1 - Exactly...
The Market is always looking down the road...6-12 months usually.
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wass007 - 604 days 15 hours ago
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1.2 - PS3 FTW!!!!
yup but then the hype will build up wiv the gta4 expansions so will the moolah!!! XD
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aiphanes - 605 days 14 hours ago
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2 - All i want TakeTwo to do is....
Release a working patch for GTA4!!!!
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RecSpec - 605 days 13 hours ago
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GTA was a nice little delay, but it won't stop the inevitable.
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wass007 - 605 days 10 hours ago
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4 - I don't think
EA have any interest in take 2 now because gta's been released
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jessupj - 605 days 8 hours ago
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It is wishful thinking to hope this will never happen and will we still enjoy many more gta's in the future?
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