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Sebastian: Expect Take-Two buyout news on Monday

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Lazard Capital's Colin Sebastian just issued a note on last night's EA financials saying that news on the company's proposed buyout of Take-Two can be expected next Monday.

"Expect update on TTWO bid by Monday morning," he said. "We continue to believe that the current offer of $25.74 per share would be accretive to earnings for Electronic Arts, as well as fill several meaningful product gaps."

If this is the news many expect it to be, expect a force 65 netplosion early next week.

The analyst is maintaining a "buy" rating on EA's stock and a target of $58 on a current price of $54.57.

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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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