Analysts still mixed on possible Take-Two sale

After news of a move by the company’s shareholders to replace Take-Two’s board of directors and CEO broke, the company revealed that it is currently considering selling itself outright. A lot of speculation has surrounded the possible sale, but analysts still aren’t sure who’d be buying Take-Two.

Wedbush Morgan Securities’s Michael Pachter called Take-Two’s stock “overvalued” last month, and said that the possibility of the publisher being acquired, sold in pieces, or made a target of activist shareholders is unlikely. According to GameSpot, Pachter is sticking to his assessments of the company’s prospect.

“I can’t see a sale happening, unless there is truly a ‘greater fool’ out there,” Pachter said. Pachter noted that if a sale was indeed imminent, 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.

GameSpot also got a rundown on a few possible buyers from Nollenberger Capital Partners analyst Todd Greenwald. According to Greenwald, Electronic Arts has the resources to pull off such an acquisition. Greenwald also said that EA’s new CEO John Riccitiello would be more inclined to pull the trigger on such a deal than former head Larry Probst.

“Ubisoft might be able to pull it off,” Greenwald said. “Other than that, Activision and Elevation Partners are the only other real possibilities I see. I don’t see a News Corp. or Viacom going for it.”

Via GameSpot

After news of a move by the company’s shareholders to replace Take-Two’s board of directors and CEO broke, the company revealed that it is currently considering selling itself outright. A lot of speculation has surrounded the possible sale, but analysts still aren’t sure who’d be buying Take-Two.

Wedbush Morgan Securities’s Michael Pachter called Take-Two’s stock “overvalued” last month, and said that the possibility of the publisher being acquired, sold in pieces, or made a target of activist shareholders is unlikely. According to GameSpot, Pachter is sticking to his assessments of the company’s prospect.

“I can’t see a sale happening, unless there is truly a ‘greater fool’ out there,” Pachter said. Pachter noted that if a sale was indeed imminent, 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.

GameSpot also got a rundown on a few possible buyers from Nollenberger Capital Partners analyst Todd Greenwald. According to Greenwald, Electronic Arts has the resources to pull off such an acquisition. Greenwald also said that EA’s new CEO John Riccitiello would be more inclined to pull the trigger on such a deal than former head Larry Probst.

“Ubisoft might be able to pull it off,” Greenwald said. “Other than that, Activision and Elevation Partners are the only other real possibilities I see. I don’t see a News Corp. or Viacom going for it.”

Via GameSpot