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Is EA Getting Closer to Take-Two Ownership?
Earlier this week an investment journalist reported that Microsoft was the suitor for Take-Two; today, Citigroup analyst Brent Thill believes that Electronic Arts will officially purchase Take-Two by August. Thill states:
“We expect FTC approval in August and for ERTS to raise its bid slightly upon approval to $27-$28 in order to potentially seal a deal in time for holiday season GTA orders.”
However, if Take-Two refuses the bid, Thill believes that Electronic Arts “walk as the near-term economics to ERTS of a deal would deteriorate.”
It’s makes more sense than Microsoft, especially if Electronic Arts were to raise their bid from the $25 it first offered to $28. After enduring a long wait, we should have an answer soon.
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