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Thread: Take-Two takeover 'still a reasonable bet'

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    Default Take-Two takeover 'still a reasonable bet'

    LA Noire boosts chances of a buyout of the GTA publisher, analyst reckons


    Take-Two is the publisher of Grand Theft Auto, a franchise it has described as a "1,000-pound gorilla", but there's no way it can be labelled a one game company.

    With other Rockstar franchises like Red Dead Redemption and new breakout hit LA Noire, not to mention BioShock and Homefront, the firm's racking up a strong library of new and established IP that makes it an attractive takeover target for rivals.

    And according to Sterne Agee analyst Arvind Bhatia, the possibility of a buyout is "still a reasonable bet".


    "Whether GTA V is released in late FY12 or a few months later, i.e., in early FY13, should not materially change the company's intrinsic value," he said in a research note (via IndustryGamers).

    "Besides, Take Two investors know that the risk of game delays and the accompanying earnings volatility is inherent to their investment in this stock. What should be more important is that with the strong launch of LA Noire last week, Take-Two has created yet another valuable franchise.

    "With the GTA catalyst still ahead and the possibility of a takeout still a reasonable bet, we are reiterating our $19 price target which is based on our sum-of- the-parts valuation."

    Earlier this month, impressive LA Noire review scores helped boost the publisher's share price to a 52-week high - the highest its stocks have traded at since September of 2008, when EA's $2 billion Take-Two takeover bid failed.

    Yesterday, LA Noire became the UK's fastest-selling new video game IP ever, according to retail monitor GfK Char-Track.

    Activision was linked with a potential Take-Two takeover in February of this year.

    GTA V is expected to be announced at E3 early next month
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    Default Re: Take-Two takeover 'still a reasonable bet'

    I dont think Take-two will be sold so easily.
    No 7. No discussion, sharing or referencing game hacks.
    BG Rule Book

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    Default Re: Take-Two takeover 'still a reasonable bet'

    Quote Originally Posted by W1C|<3D View Post
    I dont think Take-two will be sold so easily.
    yeah no way take-two and rockstar make great game..and i'm waiting for gta v in e3 next month!!

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    Default Re: Take-Two takeover 'still a reasonable bet'

    Quote Originally Posted by ELITEGUY View Post
    yeah no way take-two and rockstar make great game..and i'm waiting for gta v in e3 next month!!
    Same here ^.^
    No 7. No discussion, sharing or referencing game hacks.
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