Take-Two To Be Elevated?
by Maarten Goldstein, Feb 05, 2006 7:52am PSTAccording to thew New York Post, Bono's Elevation Partners might be looking to buy Take-Two Interactive. Elevation last year acquired Pandemic Studios and BioWare, and a deal for the Grand Theft Auto publisher would probably set them back more than $1 billion.
On Tuesday, The Post broke the news that Take-Two was in serious discussions with several buyout firms. Elevation could combine Take-Two's successful titles with video game developers Pandemic Studios and BioWare Corp., which the firm acquired last year for $300 million. There are still hurdles to a deal, however, including Take-Two's habit of restating earnings, which has led regulators to begin looking for wrongdoing at the company.
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LONG LIVE BIOSHOCK!!!!...and Irrational too :)
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He is on their board, but not the sole owner by a long shot.
I'm pretty sure Bono has very little creative control over what games are made.
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