Analyst Still Believes Take-Two Will Be Bought Out
by 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]
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