Now that Take-Two (TTWO) has released GTA IV and the market has… yawned, what happens next? Electronic Arts (ERTS) goes ahead and buys Take-Two, for something in the $27 to $28 range, predicts Goldman Sachs’ Mark Wienkes. At the high end, that’d be up 5%-9% from EA’s current offer of $25.74, and 3.5%-7% from Take-Two’s current share price, $26.07.
What could change that? News that GTA IV has blown away very high expectations and forced investors to rethink Take-Two’s valuation. But we haven’t seen that yet.
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