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Send to email | What Will It Take To Buy Take-Two? $28 (ERTS, TTWO) in ERTSTTWO | By Silicon el 06-May-2008 |
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Now that Take-Two (TTWO) has released GTA IV and the market has... yawned, what happens next? Electronic Arts (ERTS) goes ahead and buys Take-Two, for something in the $27 to $28 range, predicts Goldman Sachs' Mark Wienkes. At the high end, that'd be up 5%-9% from EA's current offer of $25.74, and 3.5%-7% from Take-Two's current share price, $26.07.
What could change that? News that GTA IV has blown away very high expectations and forced investors to rethink Take-Two's valuation. But we haven't seen that yet.
See Also: GTA Aftermath: Take-Two Shares Stay Steady (TTWO)

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| Does Take-Two Have Other Suitors? (TTWO, ERTS) | Take-Two (TTWO) predictably rejected Electronic Arts' (ERTS) $25.74 per share bid for the company once again, after EA extended the deadline for the bid, once again. But TTWO chairman Strauss Zelnick's had one interesting nugget in his statement:
[..] Read complete article |  | Published 19-May-2008 by Silicon in ERTSTTWO Read 5 times. More hits in  |
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| Take-Two To EA: No Thanks, Again (TTWO, ERTS) | | As expected, Take-Two's board has formally rejected Electronic Arts' $2 billion bid, using the same argument it has made in the past: We're worth more. Come back and talk to us after we release our next blockbuster game, when our stock will h [..] Read complete article |  | Published 26-Mar-2008 by Silicon in ERTSTTWO Read 8 times. More hits in  |
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| Proxy Advisors: Dump Take-Two Board (TTWO, ERTS) | | Take-Two shareholders could go into the meeting on April 17 pretty confused. One proxy advisory service tells them to keep the board and approve a golden parachute payout to ZelnickMedia; another one is saying that the both should be scrapped. At this point we're [..] Read complete article |  | Published 01-Apr-2008 by Silicon in General Read 7 times. More hits in  |
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