That's exactly what I am implying, Take-Two's management comes first. Additionally, I believe the whole "let's wait until GTA 4 is released till we talk" is a bit of a red herring it's just a stall tactic.
A number of people seem to be mislead by Take-Two into thinking that Take-Two shares will for some reason automatically rise after GTA 4's release and that EA is somehow being underhanded by making a bid beforehand. GTA 4's release is already fully priced in by investors. Wall St. knows all about one of the most successful videogame franchises of all time and already expects GTA 4 to be a massive hit.
If it weren't for EA's bid which is supporting the current price, I believe the chance of Take-Two shares falling on GTA 4's release, because they did not beat high expectations, would be pretty much the same as those of it rising on better than expected sales.
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That's exactly what I am implying, Take-Two's management comes first. Additionally, I believe the whole "let's wait until GTA 4 is released till we talk" is a bit of a red herring it's just a stall tactic.
A number of people seem to be mislead by Take-Two into thinking that Take-Two shares will for some reason automatically rise after GTA 4's release and that EA is somehow being underhanded by making a bid beforehand. GTA 4's release is already fully priced in by investors. Wall St. knows all about one of the most successful videogame franchises of all time and already expects GTA 4 to be a massive hit.
If it weren't for EA's bid which is supporting the current price, I believe the chance of Take-Two shares falling on GTA 4's release, because they did not beat high expectations, would be pretty much the same as those of it rising on better than expected sales.