Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 1, 2014
arrowPress Releases
November 1, 2014
PR Newswire
View All





If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Analyst:  BioShock 2  Release Date Dubious, Take-Two A Takeover Target,  GTA  MMO?
Analyst: BioShock 2 Release Date Dubious, Take-Two A Takeover Target, GTA MMO?
May 27, 2009 | By Leigh Alexander




Take-Two's just announced that BioShock 2 will release in Europe on October 30 and in the U.S. on November 2, but Janco Partners analyst Mike Hickey isn't so sure.

"We have concerns over the successful timing of their BioShock 2 release, given the unannounced platforms and expected last-day-of-quarter release," he says.

Hickey also has reservations on the publisher based on the timing of the next full Grand Theft Auto chapter, which he says may not release until late 2010 or 2011 -- "although a fiscal '10 release seems probable," he says.

Further, the analyst has high hopes for a Grand Theft Auto MMO, which he calls a "distinct and enormously profitable possibility -- if the IP is positioned with a well-capitalized partner who has an exceedingly strong track record of MMO market success, development expertise and organizational infrastructure."

With all that in mind, the analyst says Take-Two's become a likely target for a buyout. "We believe the Company would be a viable acquisition candidate, as they have arguably some of the strongest video game development talent and IP in the world," he suggests.

Last year, Take-Two repeatedly rejected Electronic Arts' ultimately failed $25.74 per share takeover bid as "inadequate." Although Take-Two's stock has seen some lift over the past day or two thanks to its ability to meet its recent quarterly guidance -- despite $10 million in losses -- the publisher is currently trading in the $8 to $9 range, which means larger companies could much more feasibly acquire the publisher than last year when it traded at a high of over three times that much.


Related Jobs

Twisted Pixel Games
Twisted Pixel Games — Austin, Texas, United States
[10.31.14]

Senior Graphics and Systems Engineer
Twisted Pixel Games
Twisted Pixel Games — Austin, Texas, United States
[10.31.14]

Mid-level Tools and Systems Engineer
Giant Sparrow
Giant Sparrow — Playa Vista, California, United States
[10.31.14]

Lead Artist
The Workshop
The Workshop — Marina del Rey, California, United States
[10.31.14]

Programmer










Comments



none
 
Comment: