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Electronic Arts Likely To Win TakeTwo - UBS

Posted on May 20, 2008

Electronic Arts (ERTS) is likely to eventually win in its quest to buy TakeTwo Interactive (TTWO), UBS analyst Benjamin Schachterasserted in a research note this morning. Schachter contends a deal inthe $26-$28 range should do it, although the timing may beprotracted. While the stock is trading above the current bid price of$25.74 a share, Schachter says that this is based more on dealspeculation than underlying value. Schachter also contends that if meaningful discussions wereoccurring between TTWO and ERTS or another bidder, TakeTwo would haveto disclose the talks. He says t...

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analyst , trading