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EA to buy T2 for three trillion you ess dollars

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Posts

  • Fig-DFig-D SoCalRegistered User regular
    edited February 2008
    Vytae wrote: »
    PlayStation 2: $301 million
    Xbox 360: $196 million
    PC: $148 million
    Nintendo Wii: $139 million
    Nintendo DS: $122 million
    PlayStation 3: $102 million
    PlayStation Portable: $74 million
    Mobile: $38 million
    Xbox: $3 million
    Game Boy Advance: $2 million
    GameCube: $1 million

    I bought a ps2 used half a year after it came out for 200$. Best 200 ive ever spent for a console. But what the fuck,seriously what the fuck is it still doing churning out those kind of numbers. Its a bloody zombified godzilla.

    The user base on the PS2 is HUGE. Seriously, I don't know of a single person who doesn't have a PS2 in their house. When a birthday, Christmas, Valentine's Day or anniversary comes up what looks more attractive to the parent, sibling, or significant other of a gamer? The $60 dollar game for the system he/she may or may not have or the $40 game for the system he/she definitely owns?

    Fig-D on
    SteamID - Fig-D :: PSN - Fig-D
  • slash000slash000 Registered User regular
    edited February 2008
    Well hey, those are EA numbers. The PS2 is their bread and butter.

    It's the easiest, cheapest way to gain access to most of EA's games right now. And with the userbase already huge, it makes sense that the PS2 is where most of EA's revenue and profit comes from.

    slash000 on
  • plufimplufim Dr Registered User regular
    edited February 2008
    The most ironic part of that whole Nintendo side conversation is that during the late SNES/ early N64 days Nintendo was best buddies with DMA Design, included in said conversation was a rumored buy out.

    Hint: There is a game that came out in 2001 that played a lot like DMA Design's final N64 game, Body Harvest. You may know of it.

    I would kill for a Body Harvest remake. GTA where you play a good guy scooting around history is awesome.

    plufim on
    3DS 0302-0029-3193 NNID plufim steam plufim PSN plufim
    steam_sig.png
  • Fatty McBeardoFatty McBeardo Registered User regular
    edited February 2008
    T2 rejected the offer. Ball's in EA's court. I bet it's going to happen, but it will cost more than the initial offer.

    Fatty McBeardo on
  • RivulentRivulent Registered User regular
    edited February 2008
    Renegen wrote: »
    Rivulent wrote: »
    All I know is that I hope my money transfer hits etrade before markets open, so I can buy a few shares of take two. No doubt the stock will rise early monday, carrying it close to $25. Same thing happened to Yahoo's stock. Even if they aren't bought out, the price will raise substantially due to investor interest. The more I think about it, the more advantageous it is to continue to invest in gaming companies that compete with EA, since they will likely buy out all the competition as time goes on. There's no anti-trust issues in the gaming world, it seems, so EA will continue to expand it's company base.


    Yeah I'm jealous, I don't have a trading account ready. What did Yahoo look like however? Usually during mergers or buyouts the price just gaps up to 26 and stays there, there's nothing to play with.

    Well, take a look at TTWO today. As of writing this, it's up to 25.75. It jumped up even before the market opened. I'm looking at someone posting an asking price of 25.77x4000, and assuming they bought in at ~$17.50, then they just made $33k before lunch o.0. I'm not an experienced investor I just know that when things like this happen, and news articles come out that company x (assuming it's credible) is going to be bought for y dollars, the stock will always go that amount, simply because people will buy buy buy because they have a reasonable chance of turning a profit. In some cases, a very big profit.

    Rivulent on
  • MrDelishMrDelish Registered User regular
    edited February 2008
    MrDelish on
  • revolutionary beanrevolutionary bean Registered User regular
    edited February 2008
    Rivulent wrote: »
    Renegen wrote: »
    Rivulent wrote: »
    All I know is that I hope my money transfer hits etrade before markets open, so I can buy a few shares of take two. No doubt the stock will rise early monday, carrying it close to $25. Same thing happened to Yahoo's stock. Even if they aren't bought out, the price will raise substantially due to investor interest. The more I think about it, the more advantageous it is to continue to invest in gaming companies that compete with EA, since they will likely buy out all the competition as time goes on. There's no anti-trust issues in the gaming world, it seems, so EA will continue to expand it's company base.


    Yeah I'm jealous, I don't have a trading account ready. What did Yahoo look like however? Usually during mergers or buyouts the price just gaps up to 26 and stays there, there's nothing to play with.

    Well, take a look at TTWO today. As of writing this, it's up to 25.75. It jumped up even before the market opened. I'm looking at someone posting an asking price of 25.77x4000, and assuming they bought in at ~$17.50, then they just made $33k before lunch o.0. I'm not an experienced investor I just know that when things like this happen, and news articles come out that company x (assuming it's credible) is going to be bought for y dollars, the stock will always go that amount, simply because people will buy buy buy because they have a reasonable chance of turning a profit. In some cases, a very big profit.

    The market doesn't need another momentum trader thnx.

    revolutionary bean on
  • The_ScarabThe_Scarab Registered User regular
    edited February 2008
    MrDelish wrote: »

    Im pretty sure if EA wanted they could take over anyways. Them doing this, plus the open letter plus the faq and the website seems like they wanted to be nicey nice to not alienate fans or remind people of the old EA from the past.

    GTA4 is going to have to be the biggest selling game ever for T2 to resist this move. Looks like EA wants them and I dont think there is much they can do, especially with such a ridiculously overpriced offer from EA.

    The_Scarab on
  • RenegenRenegen Registered User regular
    edited February 2008
    Rivulent wrote: »
    Renegen wrote: »
    Rivulent wrote: »
    All I know is that I hope my money transfer hits etrade before markets open, so I can buy a few shares of take two. No doubt the stock will rise early monday, carrying it close to $25. Same thing happened to Yahoo's stock. Even if they aren't bought out, the price will raise substantially due to investor interest. The more I think about it, the more advantageous it is to continue to invest in gaming companies that compete with EA, since they will likely buy out all the competition as time goes on. There's no anti-trust issues in the gaming world, it seems, so EA will continue to expand it's company base.


    Yeah I'm jealous, I don't have a trading account ready. What did Yahoo look like however? Usually during mergers or buyouts the price just gaps up to 26 and stays there, there's nothing to play with.

    Well, take a look at TTWO today. As of writing this, it's up to 25.75. It jumped up even before the market opened. I'm looking at someone posting an asking price of 25.77x4000, and assuming they bought in at ~$17.50, then they just made $33k before lunch o.0. I'm not an experienced investor I just know that when things like this happen, and news articles come out that company x (assuming it's credible) is going to be bought for y dollars, the stock will always go that amount, simply because people will buy buy buy because they have a reasonable chance of turning a profit. In some cases, a very big profit.
    I know that but it GAPPED to 25.75. The only people who made money either bought on insider information or were lucky or dumb to hold overnight. That is not how you "momentum trade" like the other fellow called it. You want to make money on takeovers, try arbitrage.

    And yet ironically TTWO is now at 26.20. Very slowly going up. I guess that's anticipation EA will offer a higher offer.

    Renegen on
    ---Yeah
  • SlicerSlicer Registered User regular
    edited February 2008
    Renegen wrote: »
    Rivulent wrote: »
    Renegen wrote: »
    Rivulent wrote: »
    All I know is that I hope my money transfer hits etrade before markets open, so I can buy a few shares of take two. No doubt the stock will rise early monday, carrying it close to $25. Same thing happened to Yahoo's stock. Even if they aren't bought out, the price will raise substantially due to investor interest. The more I think about it, the more advantageous it is to continue to invest in gaming companies that compete with EA, since they will likely buy out all the competition as time goes on. There's no anti-trust issues in the gaming world, it seems, so EA will continue to expand it's company base.


    Yeah I'm jealous, I don't have a trading account ready. What did Yahoo look like however? Usually during mergers or buyouts the price just gaps up to 26 and stays there, there's nothing to play with.

    Well, take a look at TTWO today. As of writing this, it's up to 25.75. It jumped up even before the market opened. I'm looking at someone posting an asking price of 25.77x4000, and assuming they bought in at ~$17.50, then they just made $33k before lunch o.0. I'm not an experienced investor I just know that when things like this happen, and news articles come out that company x (assuming it's credible) is going to be bought for y dollars, the stock will always go that amount, simply because people will buy buy buy because they have a reasonable chance of turning a profit. In some cases, a very big profit.
    I know that but it GAPPED to 25.75. The only people who made money either bought on insider information or were lucky or dumb to hold overnight. That is not how you "momentum trade" like the other fellow called it. You want to make money on takeovers, try arbitrage.

    And yet ironically TTWO is now at 26.20. Very slowly going up. I guess that's anticipation EA will offer a higher offer.

    I wouldn't doubt that another offer will be made. EA's price was generous but I would be surprised if the initial offer was the most they were willing to pay.

    Slicer on
  • LewiePLewieP Registered User regular
    edited February 2008
    Yeah, it would be silly to open up negotiations with the highest you would possibly bid.

    LewieP on
  • FugaFuga Registered User regular
    edited February 2008
    DasBoot wrote: »
    You know, I read this as- EA to buy Terminator 2 that might only be because I caught it on AMC a few nights ago.

    I see EA trying to fight back some of their lost ground in the face of the Activision monster. GTA will help.

    I thought it was Tribes 2..
    I read it as TF2. :x

    Fuga on
  • RivulentRivulent Registered User regular
    edited February 2008
    Rivulent wrote: »
    Renegen wrote: »
    Rivulent wrote: »
    All I know is that I hope my money transfer hits etrade before markets open, so I can buy a few shares of take two. No doubt the stock will rise early monday, carrying it close to $25. Same thing happened to Yahoo's stock. Even if they aren't bought out, the price will raise substantially due to investor interest. The more I think about it, the more advantageous it is to continue to invest in gaming companies that compete with EA, since they will likely buy out all the competition as time goes on. There's no anti-trust issues in the gaming world, it seems, so EA will continue to expand it's company base.


    Yeah I'm jealous, I don't have a trading account ready. What did Yahoo look like however? Usually during mergers or buyouts the price just gaps up to 26 and stays there, there's nothing to play with.

    Well, take a look at TTWO today. As of writing this, it's up to 25.75. It jumped up even before the market opened. I'm looking at someone posting an asking price of 25.77x4000, and assuming they bought in at ~$17.50, then they just made $33k before lunch o.0. I'm not an experienced investor I just know that when things like this happen, and news articles come out that company x (assuming it's credible) is going to be bought for y dollars, the stock will always go that amount, simply because people will buy buy buy because they have a reasonable chance of turning a profit. In some cases, a very big profit.

    The market doesn't need another momentum trader thnx.

    I trade very little (~1000 portfolio lawl), I do it more for the "thrill" of it. But like it not, momentum trading is how the market operates, and how it will continue to operate for years to come.

    Price is almost at $27. EA would certainly come back to offer $27, maybe even $30 a share... who knows, it's all a crap shoot. But when EA eyes something, they will get it.

    Who else is competing with EA's bigger titles? Time to start investing now.

    Rivulent on
  • Mortal SkyMortal Sky queer punk hedge witchRegistered User regular
    edited February 2008
    Unless you're Nintendo. But they're crazy, and their systems run off of Pikmin souls.
    Consider Yourself Sigg'd.

    Mortal Sky on
  • ShensShens Portland, ORRegistered User regular
    edited February 2008
    I wonder what would happen to all of the Steam releases... D:

    Shens on
  • The_ScarabThe_Scarab Registered User regular
    edited February 2008
    Shens wrote: »
    I wonder what would happen to all of the Steam releases... D:

    Maybe EA would totally jump on the Steam wagon. It would be more of a pain to take all the T2 games off of Steam and from what I hear they all make $texas on Steam anyways.

    Perhaps EA would actually screw their own system and use Steam.

    The_Scarab on
  • ShensShens Portland, ORRegistered User regular
    edited February 2008
    The_Scarab wrote: »
    Shens wrote: »
    I wonder what would happen to all of the Steam releases... D:

    Maybe EA would totally jump on the Steam wagon. It would be more of a pain to take all the T2 games off of Steam and from what I hear they all make $texas on Steam anyways.

    Perhaps EA would actually screw their own system and use Steam.

    EA to buy Valve so they can own the entire digital distribution market.

    Shens on
  • ThetherooThetheroo Registered User regular
    edited February 2008
    Well, it looks like maybe Ubisoft might be next on EA's plate.

    http://kotaku.com/360666/is-ubisoft-next-on-eas-shopping-list

    I agree with Kotaku's theory that it might just be snapping up the domain to keep any squatters away, but it is still interesting. Do they even have the money to buy Ubisoft?

    Thetheroo on
  • FyreWulffFyreWulff YouRegistered User, ClubPA regular
    edited February 2008
    EA already owns like 20% of them, and the only reason they can't buy more is due to cockblocks from the French government.

    FyreWulff on
  • RenegenRenegen Registered User regular
    edited February 2008
    A company that is on a massive buying spree sees riches ahead in its industry.

    Renegen on
    ---Yeah
  • HallowedFaithHallowedFaith Call me Cloud. Registered User regular
    edited February 2008
    Sooo. this confuses me.

    Aren't their monopoly laws on this kind of shit? I mean, a company can only own SO much right? Or do Video Games not count.

    HallowedFaith on
    I'm making video games. DesignBy.Cloud
  • MistaCreepyMistaCreepy Registered User regular
    edited February 2008
    If EA bought Valve I would throw myself off a bridge.

    MistaCreepy on
    PS3: MistaCreepy::Steam: MistaCreepy::360: Dead and I don't feel like paying to fix it.
  • FyreWulffFyreWulff YouRegistered User, ClubPA regular
    edited February 2008
    Sooo. this confuses me.

    Aren't their monopoly laws on this kind of shit? I mean, a company can only own SO much right? Or do Video Games not count.

    People throw around that word too much.

    They wouldn't have a monopoly. You can still make any of those sports games.

    FyreWulff on
  • cloudeaglecloudeagle Registered User regular
    edited February 2008
    Sooo. this confuses me.

    Aren't their monopoly laws on this kind of shit? I mean, a company can only own SO much right? Or do Video Games not count.

    There are far, FAR too many video game companies for EA to get anywhere near monopoly territory.

    At any rate, they've been gunning for Ubi before. I wonder if this is another full-fledged attack, or a means of chipping away at the company now to take them over later?

    cloudeagle on
    Switch: 3947-4890-9293
  • HoukHouk Nipples The EchidnaRegistered User regular
    edited February 2008
    Even if EA bought every single 3rd-party developer on the planet, it still wouldn't be a monopoly. So long as you have 3 1st-party devs, there can't be such a thing as a video game monopoly.

    Houk on
  • LewiePLewieP Registered User regular
    edited February 2008
    Also, you know, big corporations are generally more powerful than competition commissions.

    LewieP on
  • ShadowenShadowen Snores in the morning LoserdomRegistered User regular
    edited March 2008
    LewieP wrote: »
    Yeah, it would be silly to open up negotiations with the highest you would possibly bid.

    Maybe scaring off others, in case it doesn't go through? I dunno, but it'd be kind of like raising a ridiculous amount at the beginning of a hand of poker, because you have a frankly ridiculously good hand. Not the subtlest move, but experienced poker players will know something's up.

    Shadowen on
  • TheSonicRetardTheSonicRetard Registered User regular
    edited March 2008
    Remember when EA was quoted as saying they couldn't let something like All American Pro Football happen again?

    ...yeah.

    TheSonicRetard on
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