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Rumor: Take-Two buyout news coming Monday
2008-05-15 10:00:00 by Xav de Matos in Xbox 360 Fanboy
 

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Lazard Capital Markets' Colin Sebastian issued a note on EA's financial statement last night claiming new information regarding the buyout of Take-Two Interactive would be forthcoming Monday. Sebastian, a known analyst with his ear to the "gaming industry grindstone," has been at the forefront of comments regarding a possible EA buyout since the first offer was made in April.

"Expect [an] update on TTWO bid by Monday morning," Sebastian noted. "We continue to believe that the current offer of $25.74 per share would be accretive to earnings for Electronic Arts, as well as fill several meaningful product gaps."

Last month EA extended its tender offer deadline from April 30 to May 16. The offer, if approved, would see Electronic Arts purchase Take-Two Interactive, publishers of the critical and commercial blockbuster Grand Theft Auto IV, for $2 billion. Expect the internet to burst into flames Monday if Sebastian's claim comes to fruition.

[via Videogaming247]

 

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Tags: monday, offer, tender offer deadline, sebastian, sebastian noted, current offer, buyout, flames monday, colin sebastian
 
 
 
 
 
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