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Schachter: EA likely to win Take-Two battle

UBS analyst Benjamin Schachter said this morning that EA is likely to succeed in acquiring Take-Two and that a bid in the $26-$28 range should seal the deal.

The analyst added, however, that “the timing may be protracted," and while the stock is trading above the current bid price of $25.74 a share, “this is based more on deal speculation than underlying value.”

EA has now extended its tender offer on Take-Two after it's previous bid ran out of time on Friday.

More here.

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Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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