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Take-Two Stock Plummets
Posted by Nick Place, 78 days ago Sep 15, 2008 13:23


Earier today, TGR reported on the end of Electronic Arts’ and Take-Two’s tumultuous courtship. Now it appears that Take-Two’s stock has taken a nose dive as a result of the breakup.

Take-Two Interactive’s stock fell 27 percent this morning, or $5.96 a share, according to Bloomberg. EA did not get out of the relationship unscathed, either: its stock took a dip of $1.22 per share, or 2.7 percent.

EA can casually stroll away from the deal; the company is the second-largest publisher of videogames in the United States (after Activision Blizzard). EA’s Spore seems to be doing well, despite backlash against its copyright protection measures, and Warhammer Online is out later this week.

Take-Two, on the other hand, is not quite as resilient: apart from Rockstar’s smash Grand Theft Auto 4, the publisher does not have any marquee titles coming in the foreseeable future, and its holiday lineup has not solidified.

While many gamers were quick to cry foul when EA initially went after Take-Two, worried about too much industry consolidation, these numbers remind gamers that it is, in fact, a business. While many will be happy to see Take-Two stay out of EA’s corporate umbrella, Take-Two now has to handle the ramifications of the collapse of the deal.

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