News
Will EA buy Take Two this week?
Tim Ingham May 14 2008, 6:09pm
Comments (4)
It’s all down to whether Take Two is ‘willing to deal on a reasonable basis’, says analyst Pachter
Wedbush analyst Michael Pachter has given his verdict on whether EA will end up buying Take Two this week – and so long as the Rockstar parent is ‘reasonable’ he believes it’s likely to go ahead.
EA’s $2 billion tender bid for Take Two is set to expire on Friday, and the clock is ticking for investors to make their mind up.
Pachter tells MCV:
“My guess is that the two companies are far apart on price, with EA willing to go only modestly (perhaps $2.00) above its last offer, and with Take-Two asking for more. If Take-Two is willing to compromise on price, I think a deal will be reached….
“It really depends upon whether Take-Two is willing to deal with EA on a reasonable basis, and ask for a price that is within range of EA's price ceiling. I'm not sure what either party will do.”
Click here to read Pachter’s thoughts on the deal in full .
Comments
“Again ?”
Posted by: Sam - May 14, 9:52pm
Isn't it the same guy who said Take 2 would be sold BEFORE the GTA IV release with no doubt ?
“Patcher - the new spam....”
Posted by: JC - May 14, 11:19pm
So - analyst says that two companies will come to a deal if they can agree on a price.
Not exactly insightful.......
“Re: Patcher - the new spam....”
Posted by: Pantythief - May 15, 9:39am
Does anybody know what the agreement is between Rockstar and Take 2?
If EA does get hold of Take 2, does that mean they automatically gain the rights to GTA?
I presume the answer is yes or EA wouldnt be pressing so hard for this deal right?!
Anyone?
“Re: Patcher - the new spam....”
Posted: May 16, 10:36am
tbh take two must be mental if they sell up....we all know after grand theft auto 5 and 6 they will probably end up BIGGER than EA! and EA know that and so are trying to buy up the competition