News
Take Two value leaps 47%
Tim Ingham Feb 25 2008, 12:57pm
Before-the-bell share price jumps up after EA bid for publisher
Take Two’s pre-market stock valuation enjoyed a huge 46.9 per cent increase this morning, following news of EA’s bid for the firm.
Shares of Take Two rose to $25.50, up from Friday's Nasdaq close of $17.36.
MCV broke the news of EA’s bid yesterday, which totalled $1.9 billion.
Optimism of investors in Take Two was also likely to have been boosted by rumours linking multimedia giant Viacom with a $1.5 billion last month.
