Does Take-Two get sold this year? - coachlenny's Blog

coachlenny's Blog

Does Take-Two get sold this year?

Posted on February 8, 2010 at 11:54 PM.

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Does Take Two get sold this year?

I asked myself this question after I read Mike Wang goes back to 2K. The first I asked was why would you left your job security for a boat with holes in it. Before people get riled up saying �2k listens to its customers� or �2K makes the best games� I�m going to say who the hell cares. This is a business and if you want to stay in business you have to make MONEY.

Take Two publishes games from Rockstar and 2k Games (2k Play, 2k Sports, Firaxis Games.

The games released from Take Two in 09 were:
Rockstar: Grand Theft Auto IV, Gay Tony, Lost & Damned
2k Games: Borderlands
2k Sports: MLB 2K9, NBA 2K10, The BIgs 2, NHL 2K10
(if there were any games I missed let me know)

Looking at all those titles the cash cow is Rockstar Games (we know this already). In this upcoming year we have Bioshock 2, Max Payne 3, NBA 2k10, MLB 2k10, Mafia II as the major titles. How many of those games are you going to buy at $60? In my opinion there are only 2 games with replay value, one with horrid online play and the other I will never buy again since I now have a PS3. Bioshock 2 may be a great game but after you end the story then what? I�m personally not looking forward to Max Payne 3 at least not for my $60 bucks? So can someone tell me how does this company survive? Do they continue to live off Rockstar fame or the newly crowned 2 million seller NBA 2k?

What we know
MLB 2k9 was blamed for the company losing millions of dollars as they fell short of their forecast. With that news corporate raider Carl Icahn comes in and now as of last week owns the largest shares of stock in this company. He forced the board to make changes and has nominated his people for those positions one being CEO.

Take- Two shares have traded from $5.56 to $12.57 over the past 12 months and so far in 2010 its stock is down 5.97% trading in the $9 range. Bioshock 2 comes out on Tuesday and the company is banking on this one doing well. I expect it will sell well but is this it?

I personally think Carl is looking to get a stock rise on the success or perceived success and sell this company. In the event this happens what the hell happens to Visual Concepts? Who could be a buyer for Take Two? Something is going to happen this year with this company and with no GTA in 2010 they might under a different banner by years end.

But then maybe I�m looking too hard into it all.

Off topic: Fifa sold 10 million units WTF!!!!

Comments

# 1 RaychelSnr @ Feb 9

The answer is yes, Take Two will be sold by the end of the year most likely to Viacom. EA will most likely be bought out as well either just before or just after by Disney. They're at an attractive price level right now and if they get bought, now might be the best time for someone to make the plunge. Media companies are wanting into the video games biz and now is the time to do it.

# 2 seriousluboy83 @ Feb 9

I get the feeling that you want them gone

# 3 Valdarez @ Feb 9

Only reason Take Two is down this year is because two of their titles slipped form 2009 to 2010 affecting their quarterly earnings. From a percentage perspective, the stock has recovered far better than it's EA (Sports based) counterpart.

Smart investors already have 2K stock. If you don't own it, then tou should buy now, it's going to get a nice bump after BioShock 2 is out. I pre-ordered BioShock 2, and I will consider Mafia II as a day one buy mainly because they focused strongly on story, and story is very important to me in a game. I get the 2K Sports games for free as a mod on the 2K Sports Forums, but I'd consider NBA 2K8 as I LOVED the MyPlayer mode, and this year it's only going to get better.

# 4 coachlenny @ Feb 9

@ serious83 I dont want them gone. I would like for them to stay independent. But I cant see that happening.

@ Valdarez thanx for commenting. I'm looking at the stock for purchase today because i believe the stock price will rise and this company will be sold. I also believe 2k nba will get better but under what banner will they be under by nov.

When I wrote this i didnt intend to seem negative I'm just trying to get the opinions of the people who come to this sit.

thanx MMChris