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Take Two value leaps 47%

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.

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Tags: Electronic Arts , ea , take-two

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