Feb 19, 2007
Xbox News from N4G
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NHL 07

Electronic Arts would be wise to buy 2K Sports, or so says industry analyst Michael Pachter for Wedbush Morgan Securities. The suggestion came amid the move from Wedbush downgrading Take-Two Interactive's stock from "hold" to "sell" Friday. Take-Two Interactive owns 2K Sports as a subsiderary.
"It is clear to us that Take-Two's sports business would have tremendous value to EA, as it would give EA a monopoly on football, basketball, baseball, and hockey," Pachter said. His analysis concluded that EA might purchase 2K Sports for as much as $200 million dollars, but he noted, "It is arguable that EA would benefit by as much as $1 billion if it were to obtain an exclusive; this does not mean that it is willing to pay $1 billion."
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