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Rumor: Viacom offering 1.5 bn to buy Take-Two


Adriaan
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I've never heard of Viacom too what do they do?

Google them... they're a huge company that owns a lot of other companies. I'm actually a little shocked that some people haven't heard of them but I guess they aren't as known outside of America.

I did google them but they just seem to be a big company that owns other little companies is that all they do? confused.gif

Viacom owns Westwood One, as well as other Broadcast entities.

Westwood One bought out SmarTraveler, the company I was working for, and laid everyone off including me. However, they didn't lay off any of the idiots that work for Metro Traffic in the Washington D.C. office.

 

Thanks a lot Viacom, no really, thank you. sarcasm.gif

Corporate takeovers are a bitch cryani.gif

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Viacom!? Noooo!!!

 

A slimey tentacle of the entertainment mafia...

Not good news at all if it turns out to be correct.

I wouldn't want T2/R* associated with capitalist scumf*cks who are more interested in making money and dumbing down the population than pushing the boundaries of creativity and tactile entertainment.

 

 

 

 

 

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I wouldn't worry about them "dumbing down" the population....if Viacom has interest in buying T2, it's probably because of the success of GTA. That said, they're not going to come in and change everything and make GTA completely different...it'd be the same situation as right now, only there would be a little thing saying Viacom at the bottom of the next GTA box you buy.

 

Someone said that T2 should ask for $3bn, but that usually isn't possible to do without certain things like Poison Pills. All Viacom really has to do is start buying up a huge amount of shares, then make an offer to current shareholders which is usually a premium over the current price...which is what they're doing. It said in an article that they were offering 23 pounds per share? That must be a typo b/c the current stock price is $15.88 (as of 1:32 pm EST)...there's never any premiums offered like that, so they must mean $23 per share. Anyway, I don't think this is anything to fret over...Viacom wouldn't delay the release of this game, they're buying it to share on the profits and they're smart enough to know that another delay will hurt profits.

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Why dosent rockstar break off of take two, like bungie did with microsoft?

Maybe they want to stay under the protective control of T2. You must remember, Bungie's only real asset, the Halo name and series, is still under MS control, so their separation won't be doing much in the way of Bungie's pockets. Sometimes its better to be under the control of a bigger entity than be out on your own.

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This is also bad for all ps3 users out there lik me

i heard viacom signed some sort of contract with microsoft so that the xbox is their preferred choice of console

but mayb im confusing this with something else i read at ign today... blush.gif

 

Edit:

had a little check i was right they did it last december wen they bought harmonix

here is article

http://uk.xbox360.ign.com/articles/850/850307p1.html

Edited by mcquillana
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Why the f*ck would they sell themselves if they'll SELL GTA IV WELL? And that's guaranteed as long as they'll also release a PC version soon enough.

lmfao you have to got be kidding, they'll lose more money by releasing PC version.

"lmfao lmfao" learn economics before talking.

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Nothin' to see here folks, move along, move along.

 

 

Viacom not in talks to buy Take-Two: source

NEW YORK (Reuters) - Media conglomerate Viacom Inc (VIAb.N: Quote, Profile, Research) is not in talks to buy video game maker Take-Two Interactive Software Inc (TTWO.O: Quote, Profile, Research), a source familiar with the matter said on Thursday, disputing reports of an offer.

 

Reports on the Web and a video games trade publication Web site said Viacom had offered $1.5 billion to buy the maker of the popular "Grand Theft Auto" games franchise, citing unnamed sources.

 

Shares of Take-Two rose as much as 12 percent on Thursday.

 

(Reporting by Kenneth Li; editing by Jeffrey Benkoe)

Source: Reuters

 

That was posted 10-15 minutes ago.

Edited by tmac9wr
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Would be a stupid idea to sell company now.

 

They have upcoming Tiltes GTA IV and midnight club.

 

I reckon they gona earn a lot in six mont time and may be better off with there own earning

 

 

Take two have L.A noire ,Mafia 2 and revolver 2 and BULLY

 

Everything coming this year and they have hold for a long and now its time to harvest .

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Nothin' to see here folks, move along, move along.

 

 

Viacom not in talks to buy Take-Two: source

NEW YORK (Reuters) - Media conglomerate Viacom Inc (VIAb.N: Quote, Profile, Research) is not in talks to buy video game maker Take-Two Interactive Software Inc (TTWO.O: Quote, Profile, Research), a source familiar with the matter said on Thursday, disputing reports of an offer.

 

Reports on the Web and a video games trade publication Web site said Viacom had offered $1.5 billion to buy the maker of the popular "Grand Theft Auto" games franchise, citing unnamed sources.

 

Shares of Take-Two rose as much as 12 percent on Thursday.

 

(Reporting by Kenneth Li; editing by Jeffrey Benkoe)

Source: Reuters

 

That was posted 10-15 minutes ago.

Yea its was never happening

 

heres a link to the news on yahoo

http://news.yahoo.com/s/nm/20080207/tc_nm/...xzW8u_3uNgjtBAF

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Don't Viacom own Paramount? Hence forth GTA- The Movie  dozingoff.gif  happy.gif

Movie was a bad rumor. R* denied even thinking about a movie yesterday.

 

 

In the long run this could be a good thing for Take2. Viacom doesn't and/or really wouldn't care what type of software was produced as long as it makes $$$$$$$. Also, Viacom being a consortium of companies is less likely to micro-manage Take2, leaving the developers more freedom.

 

Besides, if this happens buy stock in Viacom and OWN part of Take2 yourself. I have 100 shares in Viacom. Great stock, always makes me a little $$$$.

 

 

EDIT: NEVERMIND, Just noticed that the buy-out was a rumor smile.gifsmile.gif

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GANGSTA26-VERCETTI

yo, 2 the dude thats was talking bout how to invest on it. lets say i wanted to invest like 5 on them by that time that u said to do it when it reached like 15 $ i think u said, what will i have to do, if u can tell me this info email me ok. devil.gif $$$ money money money rampage_ani.gifcookie.gif free masons owl orly.gif there behind this website aswell proof >> orly.gif lol i said its an owl

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Would be a stupid idea to sell company now.

 

They have upcoming Tiltes GTA IV and midnight club.

 

I reckon they gona earn a lot in six mont time and may be better off with there own earning

 

 

Take two have L.A noire ,Mafia 2 and revolver 2 and BULLY

 

Everything coming this year and they have hold for a long and now its time to harvest .

Like I said before...it doesn't matter if they want to sell or not. Take-Two is a small enough company where a giant like Viacom can buy them out simply by buying large swaths of their stock. There is very little that a company can do to block the sale of their other than by Poison Pills which includes but isn't limited to methods like offering stock at a huge discount to current stockholders who aren't involved with the takeover company.

 

The fact that they're going to make so much money this year is a reason for a larger company to try and buy them out. If a company like Microsoft did buy out Take Two, it wouldn't surprise me to see them keep GTA on both systems, just because there's so much money to be made.

Edited by tmac9wr
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Noo!!! This would be horrible.

For those of you that dont know, VIACOM owns a lot of stuff. Like MTV, Neopets barf8bd.gif BET, Dreamworks, etc.

I think if they buy Take-Two the GTAs would suck.

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Nero Claudius Caesar Augustus

Maybe Stephen Colbert will lend his voice to the next GTA? That'd definitely make the deal worth it.

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Noo!!! This would be horrible.

For those of you that dont know, VIACOM owns a lot of stuff. Like MTV, Neopets barf8bd.gif BET, Dreamworks, etc.

I think if they buy Take-Two the GTAs would suck.

Look at the top of this page, or on the bottom of Page 1...there is no buyout of Take Two by Viacom, it was a rumor.

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yo, 2 the dude thats was talking bout how to invest on it. lets say i wanted to invest like 5 on them by that time that u said to do it when it reached like 15 $ i think u said, what will i have to do, if u can tell me this info email me ok. devil.gif $$$ money money money rampage_ani.gifcookie.gif free masons owl orly.gif there behind this website aswell proof >> orly.gif lol i said its an owl

Dude you got it all wrong the Free Masons don't exist moto_whistle.gif

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GANGSTA26-VERCETTI
yo, 2 the dude thats was talking bout how to invest on it. lets say i wanted to invest like 5 on them by that time that u said to do it when it reached like 15 $ i think u said, what will  i have to do, if u can tell me this info email me ok. devil.gif  $$$ money money money rampage_ani.gif  cookie.gif  free masons owl orly.gif  there behind this website aswell proof >> orly.gif  lol i said its an owl

Dude you got it all wrong the Free Masons don't exist moto_whistle.gif

r u sure

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