Take-Two Shares Soar in Pre-Market

Next-Gen.Biz reports that shares in Take-Two have rocketed up nearly 50 percent in pre-market trading after Electronic Arts said Sunday that it has made a bid to buy the firm.

Take-Two shares jumped $8.55, or 49.25 percent, to $25.90 prior to the opening of the Nasdaq stock exchange on Monday morning, one day after competitor EA said it would offer around $2 billion, or $26 per share, for New York-based Take-Two.

Take-Two shares closed last Friday at $17.36. EA shares were down $1.43, or 2.87 to $49.74 in pre-market trading on Monday.

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Cyrus3653889d ago

Wow What a jump... Is it coincidence, that it's at 25.90 (EA is offering 26 bucks)?

Filanime033889d ago

I expect bigger jump when GTA IV and midnight club release. I am hoping EA will be too expensive for Take-Two.

ktchong3889d ago

That means EA offers the right price and has enough firepower to bring down T2... at least the market seems to think so.

Dlacy13g3889d ago

Take Two is really the only company out that makes some good sports games that compete with EA...and if EA takes them in....well we can kiss goodbye sports title variety.

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