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According to a very interesting Forbes article, Activision and Ubisoft are possible candidates to bid for Take Two. As you undoubtedly know, Take Two has been approached by EA several times over the last few months in an attempt to purchase the company. Take Two’s CEO, Straus Zelnick, and the board have been holding out because they feel the offered share price of $25.74 is too low. In a meeting with investors, Zelnick stated he has been actively speaking with prospective buyers to challenge EA. Forbes speculates that Activision and Ubisoft ares the most likely candidates, but that Activision is probably overwhelmed with their merger with Vivendi. That leaves a cash-poor Ubisoft the only viable candidate. But, as the Forbes article admits, Ubisoft could not outbid EA in a bidding war. As such, EA will still come out on top with an offer of $28-$30 per share. |