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.
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.”