THQ will get $10 million from Elephant this year, says analyst

VG247: Lazard Capital analyst Colin Sebastian reckons THQ will net at least $10 million in revenues this year from it purchase of Elephant Entertainment, announced yesterday. From a just-published research note:

Acquisition provides boost in fast-growing casual game market. Yesterday, THQ announced the acquisition of the Elephant Entertainment casual and online game business. Terms of the deal were not disclosed; we expect the 20+ new games from Elephant in 2008 to add at least $10M in revenues.

More after the link.

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