Take-Two Interactive Software
That's pretty cool news, but there's an even bigger story this week, as Jeff Hwang reported for the Fool: Electronic Arts
Or is it? The executives know this puts their company in a difficult bind. But what are they going to do, sit around and mope? For the sake of Take-Two's shareholders, I hope not.
Disney was dealt quite a blow when Pixar
I wrote recently about Midway Games
Take-Two, as the press release reveals, is looking forward to having its mature-themed, car-stealing juggernaut colonizing Sony's new hardware. The company still has some aces up its sleeves, and I think it's probably already hard at work coming up with innovative ways to counter EA's accomplishments. But this is not a love letter to Take-Two -- heck, as a Disney shareholder, I enjoy the Disney/EA deal from my side of the fence. With all the talks of consolidation in the video game industry, I can say that I'd rather my have company strike licensing deals like this, as opposed to leveraging its balance sheet for outright takeovers -- it limits the hassle, in my opinion.
More information on Take-Two and Electronic Arts:
Fool contributor Steven Mallas owns shares of Disney.