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Take Two's Future Looking Shaky 17

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.
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Take Two's Future Looking Shaky

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  • Blah (Score:3, Insightful)

    by Rob T Firefly ( 844560 ) on Wednesday March 21, 2007 @02:09PM (#18431927) Homepage Journal

    this kind of talk can't be good for the company in general.
    But it can be very good for people who want to knock that pesky purchase price back down.
  • by GoRK ( 10018 ) on Wednesday March 21, 2007 @02:35PM (#18432359) Homepage Journal
    Really it's more like Thompson is seizing on the opportunity of a possible upheaval within Take Two to claim responsibility for their demise (should they actually experience said demise) -- this despite him not actually having that much (if anything) to do with it. One can see similar behavior by observing how many militant groups will attempt to claim credit for bomb/terror attacks they actually had nothing to do with. This technique of making tons of predictions so he can flaunt the few that actually end up meeting with reality has been fairly common from Thompson and for a good reason, too -- it certainly generates a lot of press!

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