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Take-Two shares plummet after EA drops their bid photo

Picture it: Take-Two is sitting next to its open bedroom window, listening to Mad World by Gary Jules and feeling a melancholy that it hasn't felt in years. After seven thrilling months of promises, dreams and visions of the future, it was over. Just like that. One day, EA said that it wanted Take-Two more than life itself, and Take-Two believed every word. The next, it was all over, and the sleepless nights and contemplation of suicide attempts began.

Seriously, poor Take-Two's social standing has really plummeted: shares of the company fell a whopping 23 percent yesterday. Of course, it's worth mentioning that the entire stock market is having a hard time, considering that the Dow Jones Industrials are suffering their worst slide since September 11th terrorist attacks. 

In the meantime, Take-Two is already moving on. Chairman Strauss Zelnick commented that take-Two was "actively engaged in discussions with other parties in the context of our formal process to consider strategic alternatives." In other words, EA, Take-Two is SO over you. Don't bother to call, okay?

[Via Earthtimes -- Thanks, Jonathan]


Continue reading: More Take-Two stories





7 comments | showing # 1 to 7
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Sam Spectre's Avatar - Comment posted on 09/16/2008 16:27
Sam Spectre
blue balls
Dexter345's Avatar - Comment posted on 09/16/2008 16:31
Dexter345
I DON'T UNDERSTAND THE STOCK MARKET AT ALL.
grafkhun's Avatar - Comment posted on 09/16/2008 16:44
grafkhun
yeah it's a 4% financial slip throughout the whole economy with the recent wall street crisises, but damn 23% down!? that's pretty rough, then again ever since the EA attempted take-over take-2's stock did go up. heh, I bet my cousin (he worked for Lehman bros.) is crying right now with take-2 as well.
DeusPayne's Avatar - Comment posted on 09/16/2008 16:59
DeusPayne
Really, you can't look at TTWO stock since the EA offer. Look at it before the offer. It's trading back at what it was before the artificial inflation created during the buyout offer. Instead look at TTWO an EA stock prior to the failed 'relationship', and you'll see TTWO is still riding strong, while EA has dropped quite a bit. The entire economy is tanking, along with EA, but TTWO is still plugging along at a constant value, regardless of the recession.
NihonTiger90's Avatar - Comment posted on 09/16/2008 17:48
NihonTiger90
Sell off Take-Two if you own it, now. I have a feeling the worst is yet to come for them.
Velt's Avatar - Comment posted on 09/16/2008 20:45
Velt
some people sometimes want too much money for what they got.
Demtor's Avatar - Comment posted on 09/17/2008 07:45
Demtor
I'll buy the stocks on the day of the crash... yeah, yeah
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