EA Changes its Tune Towards Take Two Bid

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Now that Take Two’s stock price nudged above $26 dollars a share yesterday, and certainly more than what EA is offering, it seems that they are considering offering more per share.

According to an article on Kotaku, EA may now considering to up the offer to the $28-$30 a share. In the piece, Cowan Group analyst Doug Creutz is quoted as saying "We expect the release of the game to have a minimal impact on TTWO share price, as it continues to be driven by arbitrageurs on the likely outcome of the outstanding Electronic Arts tender offer." He continues by saying "We continue to believe that the most likely outcome is a sale price in the $28-30 range, and do not believe that the success of GTA IV is likely to impact this meaningfully,"

At the moment and the opening bell has only rang about an hour and a half ago, the price of Take Two’s stock hasn’t really moved one way or the other, but this doesn’t neccesarily mean anything. Some stockholders, or buys may want to wait to see what the hard numbers are, or if there happens to be issues with the game, etc.

In : PC

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