Take Two Selling???

[TIm]

I'm not sure if this is the right place but heres the article on gamespot.

Take-Two for sale?
Grand Theft Auto publisher announces it is considering putting itself up for sale in light of shareholder revolt.
By Emma Boyes, GameSpot UK
Posted Mar 19, 2007 6:55 am PT

Last week, the gaming industry was shocked by a Take-Two shareholders' group, which owns 46 percent of the company's stock, announcing that it wished to replace current CEO Paul Eibler with former BMG president Strauss Zelnick. It also stated its intentions to replace the current board of directors with candidates of its own choosing, and reduce the number of members of the board from nine to six.

The rebellion came, reports Bloomberg, after five quarters of losses. The company has also faced a spate of bad news and scandals over the last two years, including the Hot Coffee mod furore, a stock options scandal, and criminal charges being levelled at the former CEO and founder.

Take-Two has responded to the event by announcing that it will be postponing its annual meeting, originally scheduled for March 23, until March 29. This is in order for the company to, "review the proposed actions of the shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders, including a possible sale of the Company."

Shares in Take-Two jumped up 6.8 percent to $22.26 at the start of trading on the Nasdaq today. The shares have risen a total of 18 percent since the original announcement from the shareholders' group.

[TheBadazz]

If this comes about. MS really have the chance to stick it to Sony. And take GTA as a Xbox-only game.

[TDKing]

Microsoft not in the running............


One company that says it's not in the running is Microsoft. Because today's independent publishers are platform agnostic - that is to say, they build games for all major systems - taking over one would result in a massive revenue loss for Microsoft, as all development would be redirected toward the Xbox 360.

"We could never launch an acquisition bid at a third party publisher," said Shane Kim, corporate vice president of Microsoft (Charts) Game Studios.

[luv_mist]

Darn It. I hate the freaking stock market and all that other bull. Just money hungry suits trying to capitalize which discourages a little innovation. Hopefully they wait and see how this year turns out. Isn't the trailer suppose to be released on the 29th?? Weird.......

[TDKing]

We must hope for Ubisoft or else it will be EA SPORTS its in the game

2K Games has some notable properties in its portfolio, including games made by industry legend Sid Meier ("Civilization," "Alpha Centauri"). 2K Sports, though, would be vulnerable to sale. Ubisoft, for instance, has made it known it would like to start a sports brand to compete with Electronic Arts (Charts), makers of the popular "Madden" series. EA, meanwhile, would likely make a bid as well.

[Pratt75]

Just don't sell to EA, PLEASE!!

[forensicd]

if 2k sports goes to EA, you might as well call it game over for sports gamers. Can you imagine the only option is nba Live! Man, that is a grizzly thought.

[Scoop 24]

Quote: Originally Posted by forensicd

if 2k sports goes to EA, you might as well call it game over for sports gamers. Can you imagine the only option is nba Live! Man, that is a grizzly thought.

i dont see how. when you would get the best of both worlds.

ill take madden franchise and features with 2k gameplay. cause 2k has some of the most generic boring franchise modes ever put in a game.. i still cant even get a long term franchise in nba.