Analyst Still Believes Take-Two Will Be Bought Out

by Mike Bendel on December 20, 2007 @ 2:31 pm


Despite Take-Two Chairman Strauss Zelnick’s recent assurance that Take-Two will not be sold off, analyst Mike Hickey of Janco Partners believes the exact opposite:

In consideration of [Take-Two’s] large stable of owned and internally developed IP, along with a washing of their checkered corporate profile, we remain convinced the Company will eventually be acquired at a meaningful premium to their current share price.

Furthermore, the analyst believes that Grand Theft Auto IV, rumored for an April release, will deliver approximately $362.5 million in fiscal 2008, accounting for 27 percent of total company sales.

Analyst “Convinced” Take-Two Will Be Acquired [Next-Gen]

Follow this author on .

Around the web:

Read moreDismal April PS3, 360 Hardware Sales May Force Price Cuts, Says AnalystGTA IV Will Be “Vastly Better” Than ExpectationsSCEE Confirms Grand Theft Auto IV PS3 BundleGrand Theft Auto IV “Move Up, Ladies” Trailer and ScreensGTA IV First Week Sales Total Half A Billion

Comments
you say:

Login with your username and password below. New User?





Quantcast