Take Two's Future Looking Shaky

In the wake of shareholder interest in replacing the board and CEO, it's little wonder that Take-Two's future is in question. Gamespot is reporting on the possibility of the company being sold to an outside party. Analysts from Wedbush Morgan and Nollenberger Capital offer up opinions on possible interested investors, and the likelihood of the company being sold. "Pachter said a sale was unlikely, noting that a prospective buyer could have picked up the publisher during its stock slump last year for about half what it would have to pay now. In last month's note, Pachter pegged a purchase price of $2 billion (including a premium on the stock price and restructuring costs) on the publisher." Rumours of Microsoft's interest not withstanding, this kind of talk can't be good for the company in general.

Re:I Got it!

[Shadow Wrought]

Yep. He even said so himself in a letter to Ars Technica [arstechnica.com]. Of course since his writing implies that he's bat-guano crazy insane, I have a feeling that not much of anything is going to actually happen.

On a side note, if someone does buy Take-Two for double the price, doesn't that just kinda fit their name?