Take-Two/EA Saga - Part IV

The magical fairy tail of a capitalist corporation hell-bent on swallowing a talented publisher continues…..

Press Release:

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today responded to Electronic Arts Inc.’s (NASDAQ:ERTS) announcement that it is extending for a fourth time its unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares.

As reported by EA, only 6,139,824 of Take-Two’s outstanding shares, or approximately 7.9% of the total, tendered into EA’s offer as of 5:00 p.m. Eastern time on June 16, 2008. Read more

Take-Two responds to EA’s Takeover extension offer

More twists & turns in Take-Two/EA fairytale, Take-Two’s response is still NO.

Press Release:  

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today responded to Electronic Arts Inc.’s (NASDAQ:ERTS) announcement that it is extending for a third time its unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares. As reported by EA, only 6,210,261 of Take-Two’s outstanding shares, or approximately 8.0% of the total, tendered into EA’s offer as of 5:00 p.m. Eastern time on May 16, 2008. Read more

BioShocking Hollywood

 

The critically acclaimed first-person-shooter from 2K Games is now coming to the big screen. 2K Games has come to terms with Universal Studios to develop a movie based on the successful video game. BioShock: The movie will be directed by Gore Verbinski - the director behind Pirates of Caribbean trilogy.

2K Games announced today that it has reached an agreement for BioShock®, the universally acclaimed smash-hit video game, to be developed as a feature film by Universal Pictures. 2K Games, whose 2K Boston and 2K Australia studios developed BioShock, is a video game publishing label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO).

Read more

Strauss Zelnick Talks BioShock & Civilzation IV MMO Potential

Chairman of Take-Two Strauzz Zelnick, speaking at Smid Cap Conference, explained a few things. Among those things were the explanation on why they rejected EA’s buyout offer, but there also was an annoucement of BioShock and Civilzation IV as titles with MMO potential. On slide 24 of the presentation, both BioShock and Civilzation IV are mentioned as “untapped” potential MMO opportunities.

BioShock is even mentioned as a potential movie.

by MTV Multiplayer

Max Payne 3 In The Works?

GamaSutra seems to think Max Payne 3 is in the works and probably scheduled to release alongside the recently announced movie. Here’s a snip:
The company was also questioned about the prospects for a new volume in the Max Payne franchise, given more recent news on the forthcoming movie version has been surfacing. Chairman Strauss Zelnick cryptically alluded to an Orson Welles commercial, saying “we will sell no wine before its time” — in other words, would release no details before they were ready — but added that there were “a lot of interesting things going on.”

Full story@Gamasutra