ERTS
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Another Day, Another Buyout Rumor - This Time Electronic
Arts -09/23/09 at 2:35
PM CDTby Mahyar Hashemi
Why so many rumors in the video game space about
acquisitions? Because apparently they work. THQ Inc. (THQI)
was up 13% yesterday as a result of a rumor that Viacom and others
are interested in buying them. But as one poster pointed out,
why would THQ raise 100 million in a convertible offering one month
prior to a proposed buyout? It sh...
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TTWO ERTS
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Why THQ Inc. (THQI) is Unlikely To Be A Buyout Target And Why
dealRep... -09/22/09 at
11:49 AM CDTby Perry
Rod
Take Two (TTWO) Interactive, a company with a
major video game sports division, received a buyout offer last year
from video game sports giant Electronic Arts (ERTS) before the
market storm. Today, there is a rumor that THQ (THQI), whose
list of internal intellectual property is small and comparatively
unimpressive in terms of sales volume, is recei...
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TTWO DELL
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Another Take Two Scandal, or Just Another Wall Street
Scandal? -09/15/09 at
11:14 AM CDTby Perry
Rod
An unusual event occurred at 4:01 PM on
September 1st, 2009 as video game investors were staring intently
at their Dow Jones Newswire streamers. Take Two Interactive
(TTWO) was to announce earnings on that day and news hit the
streamer, “Take-Two Swings To 3Q Loss; Co Cautious On FY
Outlook.” Opening up the report revealed an
exten...
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TTWO ERTS ATVI
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Take Two Interactive Burns Through 300 Million
Cash -09/02/09 at 12:10
PM CDTby Perry Rod
It was just one year ago that Take Two (TTWO)
Interactive Software Inc. announced that it had accumulated 339
million dollars in cash from the success of Grand Theft Auto
4. They had no debt. Today, just twelve months later, they
have managed to burn through almost all of that cash. With a
recent 5 million dollar cash settlement and 138 millio...
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GME TTWO ERTS ATVI
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Xbox 360 Pricecut Welcomed By Interactive Entertainment:
Activision, ... -08/24/09 at 8:36 AM CDTby Perry Rod
At the GamesCom conference last week, eyebrows
were raised when Microsoft did not announce a pricecut of the 360
after Sony announced their PlayStation 3 console's drop to $299.
Over the weekend, however, a Wal Mart (WMT) advertisement
distributed by video game website Kotaku and also another regional
chain advertisement appear to confirm the coming of a ...
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ATVI GME COOL TTWO ERTS
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Sony PS3 Pricecut, Welcome News for Activision, Electronic Arts,
Game... -08/18/09 at
12:57 PM CDTby Perry
Rod
There is a universal sigh of relief in the
interactive entertainment industry today as Sony has just announced
at the end of their Gamescon 2009 presentation that the new
PlayStation 3 Slim will now be $299 (299 euros, 29980 yen).
That will also be the new price for all PlayStation 3's for sale on
the market starting tomorrow, August 19, 2009. Kotak...
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TTWO ERTS
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Electronic Arts CFO Says EA No Longer Interested in Take Two
Interactive -08/11/09
at 3:18 PM CDTby Perry
Rod
In response to a question at the Pacific Crest
Technology Leadership Forum in Vail, Colorado earlier today,
Electronic Arts (ERTS) Chief Financial Officer Eric Brown offered
EA's most definitive statement yet on a possible deal between Take
Two (TTWO) Interactive Inc. and EA. "That's a deal whose timeframe
has, you know, come and long gone. And so we're j...
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ERTS ATVI GME TTWO
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Summer Meltdown For The Video Game Industry
-07/30/09 at 8:18 AM
CDTby Perry Rod
Sony and Nintendo reported disappointing numbers
in Japan overnight. Nintendo Wii sales dropped 57% year over year
from 5.17 million to 2.23 million units worldwide. Sales of
PlayStation 3 dropped 31% year over year from 1.6 million to 1.1
million units worldwide. PS3 software sales were down 35% in
that same period. The PlayStation Port...
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TTWO ERTS
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No Regrets, No Responsibility: Strauss Zelnick, Take Two
Interactive'... -07/20/09 at 11:03 AM CDTby Perry Rod
“I don’t engage in regrets,”
he said in an interview with CNBC last month. It was a revealing
statement by the chairman of Take Two Interactive, Inc. (TTWO). A
humble man may have had some regrets, given the dramatic fall of
the company’s stock. But humility is almost certainly
not a quality requirement for one who engages in...
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NFLX BBY BBI TTWO ERTS
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THQ Inc. Sells Over 1 Million UFC Undisputed Copies In First
Month -06/11/09 at 6:40
PM CDTby Mahyar Hashemi
According to research group NPD, UFC Undisputed
moved just over a million copies in its first twelve days on the
shelf in North America. That may explain why THQ stock is up
64% since its release date. Analysts were expecting much
fewer first month sales. Wedbush Morgan senior analyst
Michael Pachter had predicted 400,000 copies to sell ...
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TTWO ERTS
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THQ Inc. and Take Two Interactive - A Similar
Value? -06/10/09 at
11:22 AM CDTby Perry
Rod
According to recent trading, video game
companies THQ Inc (THQI). and Take Two (TTWO) Interactive Software,
Inc. have a nearly identical market capitalization value. THQ
stock has nearly tripled in the last three months on word of solid
sales of their new games, UFC Undisputed and Red Faction
Guerilla. But do these companies really deserve sim...
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ERTS
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THQ Unloads a Powerful Punch at E3
-06/09/09 at 3:04 PM
CDTby Mahyar Hashemi
Since the start of the E3 Expo in Los Angeles
just five business days ago, THQ Inc. stock has soared
nearly 27% as of midday trading today. Investors must have been
impressed. THQ showed off Darksiders, Homefront and
Warhammer, along with current releases Red Faction and UFC
Undisputed. THQ stock had hit a low of $2.23 this year as
a...
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