Sorry we’ve been away. You’ll see why shortly. Busy stuff. Now we play catchup.
EA’s buyout offer to Take-Two has gone hostile. The software titans, having been rebuffed on a more congenial buyout offer, has gone with a straight offer to shareholders at $26/share…they’re attempting to just buy controlling interest out via the open market. Despite the timing, this deal isn’t just (or even mostly) about Take-Two/Rockstar’s marquee Grand Theft Auto franchise, whose fourth (or sixth or eighth, depending on how you count ’em) installment is just around the corner. I suspect, as do others, that GTA is a smokescreen and a nice bonus from EA’s perspective in this deal. The real juicy acquisition is T2’s competing sports franchises. If EA sews up this deal, they will be the sole licensed purveyor of video games based on any and all professional and collegiate sports. So now all you basketball and hockey fans can come to know the agony that the football side of the house has struggled with since EA got cozy with the NFL. Further analysis after the jump.
If you’ve been rolling your eyes at the Grand Theft Auto: San Andreas kerfuffle, then we highly recommend checking out this piece, written by Steven Johnson, author of Everything Bad is Good for You. Here’s a snippet:
I’d like to draw your attention to another game whose nonstop violence and hostility has captured the attention of millions of kids â€” a game that instills aggressive thoughts in the minds of its players, some of whom have gone on to commit real-world acts of violence and sexual assault after playing.
I’m talking, of course, about high school football.
I know a congressional investigation into football won’t play so well with those crucial swing voters, but it makes about as much sense as an investigation into the pressing issue that is Xbox and PlayStation 2.