Take-Two’s Shares Briefly Hit EA’s Buyout Price (TTWO, ERTS)

Take-Two’s rationale for turning down Electronics Arts’ $2 billion offer: You’re grossly undervaluing us, and that will become clear once we release Grand Theft Auto IV. 

Now GTA IV has been out for nearly two months, and its record-setting performance has been duly noted. So what does the market think TTWO is worth? $25.79 — four cents more than EA’s current offer.

See Also:
When Will EA (ERTS) Walk Away From Take-Two (TTWO)? Soon

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