Analyst: “Major media company” preparing THQ bid

By Patrick Garratt, Wednesday, 23 September 2009 10:32 GMT

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THQ’s shares rose 13 percent yesterday on rumour that a “major media company” is preparing a bid for the publisher.

MKM Partners analyst Eric Handler started the chatter, according to this Forbes report.

However, Handler said he does not see a sale as likely in the near term.

“[The] company still has a very high percentage of licensed titles and is just beginning to rebuild its wholly owned IP portfolio,’ he said in an email.

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