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Game Details

Grand Theft Auto IV

Grand Theft Auto IV

Available on :
Pc
Xbox 360
Playstation 3
 
Developed by :
Published by :
Genre :
Third Person Action Game

Description

What does the American Dream mean today? For Niko Bellic, fresh off the boat from Europe, it is the hope he can escape his past. For his cousin, Roman, it is the vision that together they can find fortune in Liberty City, gateway to the land of ...

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News

Take2 spent $11,1 million to block EA takeover

Posted on Saturday, 20 December 2008 by Speed, source: Gamespot
384861102_t2
Blocking EA costs a lot of money
Although Take-Two reported a record $1,5 billion in annual revenues and $97 million in annual profit, the company saw its shares drop due to less than expected quarterly earnings. And to be honest, when all the numbers are laid out this is hardly a surprising fact.

Apparently, Take2 spent no less than $11,1 million to stop Electronic Arts from taking over and although EA dropping out also resulted in shares going down the drain again, T2's CEO Strauss Zelnick found it opportune to get paid quite a lot.

First off, Zelnick's annual sallary is $1 million but his company, ZelnickMedia, got paid $2.5 million as well for "management fees" next to a restricted stock grant of 600,000 shares. Next to that, ZelnickMedia will receive an extra $2.5 million, and a 900,000-share, four-year vested stock grant, if Take2 manages to reach certain performance requirements.

If you ask me, this guy is getting paid A LOT.
In other news:

1 Comment(s)

Anonymous

Anonymous

EA back of we do not need another crap like Need For Speed is.
EA back of we do not need another crap like Need For Speed is.
Quote
Posted on 01:42, December 21st 2008
 

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