Take-Two To Be Elevated?
According 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.
"Hopefully none of this will interfere with Irrational and their production of the long awaited Bi..."52 Comments
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