News
EA expected to up Take Two bid
Ben Parfitt Mar 26 2008, 11:54am
Goldman Sachs analyst says EA share price is likely to rise in near future
Shortly before Take Two clarified its stance concerning EA’s proposed takeover, Goldman Sachs analyst Mark Wienkes stated that he believes EA will up its $26 per share offer for its publishing rival.
He also upped his recommendation of EA’s shares, stating that he believes they will soon be on the up thanks to “continued industry growth, up to 14 new game titles coming in the summer and fall, and clarity around the Take Two bid”.
Take Two has said that it would be willing to enter into discussions following the release of Grand Theft Auto IV on April 29th, though EA’s offer will supposedly expire on April 11th.
