Rumors that Activision will purchase out opponent Take-Two do not increase up, says a tip attention analyst.
GameSpot reported over the week end that there have been "some talks" between the two companies about a promising merger or merger. But Michael Pachter, an researcher with Wedbush Morgan Securities, doesn't regard it's likely.
"Only a handful of Take-Two games fit the criteria Activision set out - megahits that advance out every two years or so," he said. Though titles similar to and have the promising to sell 5 million units or more, Pachter said, there's no fashion for the games to advance out on a repeated basis.
Late final week, Activision close down its song business , laying off hundreds of employees and murdering off . The firm moreover canceled , a sandbox diversion that looked a lot similar to .
"From the employees' perspective, Activision might be present to be a reduction attractive place to work, since the company's new layoffs," Pachter said.
In 2008, Take-Two deserted a buyout offer of $26 per share from Electronic Arts . It wouldn't make ample clarity for Activision to tie in that offer and plate out $2.6 billion when Take-Two's stream marketplace worth is $1.6 billion, Pachter said.
Activision and Take-Two did not right away reply to Wired.com's requests for comment.
See Also:
Activision Bails Out of , Cancels Games
Activision Adds EA to $400 Million Infinity Ward Lawsuit
Bungie, Activision Sign 10-Year Publishing Deal
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