38 Studios auction finds no buyer for Amalur MMO, Kingdoms of Amalur: Reckoning sequel
No acceptable offers made for Project Copernicus or RPG sequel; Rise of Nations, Rise of Legends, and Big Huge Games trademark sell for combined $320,000 to mystery buyers.
It looks like Z and Slatoff were true to their word when they said they are a fiscally conservative company and only do acquisitions when they are a very good bargain. I thought someone would have bough Amular though, maybe the auction price was too high.
Yeah, good point, but after reading this from the NPD report -
"Trends during the third quarter were the best that we have observed since the second quarter of 2011, driven by growth across both the physical and digital sides of the video game industry," said Callahan. "The launch of Grand Theft Auto 5 helped propel the new physical sales by twenty percent and continued growth of console digital full games as well as downloadable add-on content is an indication of the renewed health of the industry."
I think we should be the ones going up 7%. And why is ATVI in the red after nabbing the first place spot with COD?
" Of all the top 10 games, only Grand Theft Auto 5 and Disney Infinity (No. 9) didn't get released on PS4 or Xbox One " . I still wish we would have beaten next gen Madden25 . Coming in behind that, even though it had a tremendous advantage, still upsets me.
you're right mitchell, he did. I think the 26 million vgchartz number is wrong though. I think we went past the 29 million sell through mark over the weekend.
Icahn's investment in TTWO was always about getting a buyout, that's his standard M.O. That's why he negotiated board seats, so he could push to have the company sold. At some point recently he realized that a deal just wasn't going to happen, so he simply sold and doubled his investment. That's all there is to it..
From the Bloomberg article -
" Icahn, an activist investor, shook up Take-Two’s board almost four years ago after acquiring about 11 percent of the company. At the time, he was betting in part that Take-Two might be acquired, a person familiar with his thinking said then. While that never happened, the investment was profitable for the 77-year-old billionaire.
“His exit may signal that he doesn’t believe a sale of the company is likely,” Michael Pachter, an analyst with Wedbush Securities in Los Angeles who recommends the shares, said today in a research note.
With the sale, Icahn almost doubled his investment. "
Bonkers is the word for it exactly. I was uplifted recently by the news of the just leaked GTA Online DLC files. It appears they are close to releasing a proper and full paid Online DLC which includes a Casino element to it. If they add a gambling element to GTA Online then that would be a huge catalyst.
Darren5739, your analysis was right on. Some excellent points -
"People have talked about how this means there's no (imminent) buyout of Take Two but there's no buyout premium in Take Two stock price. The company (ex-cash) is valued incredibly poorly. There not even a premium for the success of GTAV, never mind a premium for a possible buyout. So it doesn't seem there's any buyout premium to unwind"
Why wouldn't it be up????? None of the facts have changed, with the exception of 20% of the float has been reduced!!!! TTWO is tremendously undervalued, that's why it's going back up.
I think we see 17 by Friday.
So Rusty what do you suspect that Icahn knows that we don't? Zelnick has promised 10 new titles, do you think that Icahn knows these are going to be bad? But really though, what does Icahn know about video games anyway? I think he was only invested because he wanted to do something for Brett and that Brett was the one who liked this company. Maybe Icahn went against Brett's wishes and pulled out like he did with NFLX
So Rusty are you officially bearish on TTWO now? Oh man, if so, that scares me because I feel you know whats up.
Your're exactly right about the Bully game, that is an atrocity that they are making a sequel. It's a pet project of Houser, that I think is the only reason it's being developed. But I disagree with you about TTWO's future. I bleieve they will cement their place as one of the big three developers very soon and that they have a good future ahead of them,