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EA to buy T2 for three trillion you ess dollars
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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?
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.
Steam ID: slashx000______Twitter: @bill_at_zeboyd______ Facebook: Zeboyd Games
I would kill for a Body Harvest remake. GTA where you play a good guy scooting around history is awesome.
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.
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.
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.
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.
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.
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?
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.
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?
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.
...yeah.