December 20th, 2007
Some guy: Take-Two acquisition looming
Some guy: Take-Two acquisition looming
Yes I am aware of the fact the "some guy" is infact an analyst, but in all honestly, anyone can be called an analyst. If I predicted that GTA IV would sell over one million copies in it's first week, would I be calling myself an analyst? No.
Oh yeah, the news; Mike Hickey (Analyst) has told GameDaily that he remains:
...convinced [Take-Two] will eventually be acquired at a meaningful premium to their current share price," despite the publishers "checkered corporate profile.
The Company owns a large stable of owned and internally developed IP franchises including GTA, BioShock, Midnight Club, Civilization, Bully, Red Dead Revolver, Manhunt, Carnival Games and Max Payne. The recent acquisition of Activision by Vivendi and BioWare Pandemic by Electronic Arts are clear examples of owned IP value recognition, in our view. ... Despite the Company's often clumsy sequential operating performance, the strength of their game portfolio could provide an acquirer a significant growth engine with several un-priced ancillary opportunities like a GTA massive multiplayer (MMO),"
A GTA MMO you say? Now that would be something. Mike Hickey also continued to talk about how the Grand Theft Auto franchise will contribute over $362.5 million to their fiscal '08 sales. A very probable statement.