Dear Take-Two and Electronic Arts: I'm not an arbitrator. And neither are my colleagues who cover video games.
I know it's nothing new in the fast-paced world of hostile takeovers, tender offers and other forms of mergers and acquisitions, but it's beyond obvious that both Take-Two and EA are using the press--and our outreach to the public--to try to negotiate the best terms in whatever marriage the two eventually end up in.
To the surprise of probably no one, Take-Two Interactive Software has rejected Electronic Arts' hostile buyout offer.
In an announcement Wednesday morning, Take-Two said its board of directors and company officers have recommended that shareholders reject EA's bid of $26 a share. The board also said it's developing alternative strategies for possible alliances with third parties, including EA, that would kick in after the April 29 of release of Grand Theft Auto IV.
Take-Two's board noted that "substantive discussions" about possible alliances have yet to occur, although it did emphasize that the company is now … Read more
Think before you toss your broken cell phone in the garbage.
And your old CRT television or desktop monitor, for that matter. Three million tons of electronic waste go into landfills every year, according to the Environmental Protection Agency, and much of what's thrown away is either in good condition or at least fixable.
If that's too tough to figure out, there are third-party companies that are dying for your old tech toys. … Read more
If you happened to have visited Amazon's Web site today, you might have noticed that a large message from Amazon's CEO, Jeff Bezos, was plastered across the home page of the site. Basically, it was a big fat apology for Amazon's inability to ship its Kindle electronic book reader in a timely fashion.
Ever since it quickly sold out at launch, a lot of folks have been speculating about just how many Kindles Amazon had sold and whether the long delays in shipping were a case of production problems or a PR ploy designed to make the Kindle appear … Read more
In the future, air travelers across the country will be able to get their boarding passes sent to their cell phones.
Continental is testing a new system that allows people checking in via their cell phone to get their boarding pass sent directly to their phones. The electronic boarding pass, which has an encrypted two-dimensional bar code, can be used instead of a paper boarding pass to get through airport security and to board planes, according to a story published Tuesday in The New York Times.
Several U.S. airlines, including American, Continental, Delta, Northwest, Southwest, and Alaska, have already … Read more
The drama surrounding Electronic Arts' attempt to buy Take-Two Interactive is, increasingly, playing out like a combination action-adventure and shooter game.
As noted in a story published Friday in The New York Times, Take-Two has become a moving target not only because of maneuvering by the company's officers but because of changes in its shareholder group.
The offer EA presented on Thursday directly to Take-Two shareholders--$26 per share, or about $2 billion--is essentially the same one it offered the video game publisher in February. But as the Times story points out, Take-Two's shareholder population has in … Read more