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| MAY 8, 2008 |
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"Now you're getting this plus four other parts of the business that are fixed, or
mostly fixed."
Some analysts doubted the sales would prod EA to offer much more,noting that
EA has said it will be a "disciplined bidder" and is willing to walk away.
"I don't think that many people buy the idea that just because you blow the
numbers out on GTA, EA is going to come out with a higher bid," said Todd
Mitchell of Kaufman Bros, who recently lowered his rating to "hold" from "buy."
Take-Two shares edged slightly higher on Wednesday, rising 4 cents to $26.39.
EA shares were up 32 cents to $52.50.
Made by Take-Two's Rockstar studio, the game casts the player as an Eastern
European immigrant who runs drugs, shoots cops and knocks off rivals. Critics
hailed the game as a brutal and satirical masterpiece.
"Grand Theft Auto IV's first week performance represents the largest launch in
the history of interactive entertainment, and we believe these retail sales levels
surpass any movie or music launch to date," Strauss Zelnick, chairman of
Take-Two, said in a statement.
mostly fixed."
Some analysts doubted the sales would prod EA to offer much more,noting that
EA has said it will be a "disciplined bidder" and is willing to walk away.
"I don't think that many people buy the idea that just because you blow the
numbers out on GTA, EA is going to come out with a higher bid," said Todd
Mitchell of Kaufman Bros, who recently lowered his rating to "hold" from "buy."
Take-Two shares edged slightly higher on Wednesday, rising 4 cents to $26.39.
EA shares were up 32 cents to $52.50.
Made by Take-Two's Rockstar studio, the game casts the player as an Eastern
European immigrant who runs drugs, shoots cops and knocks off rivals. Critics
hailed the game as a brutal and satirical masterpiece.
"Grand Theft Auto IV's first week performance represents the largest launch in
the history of interactive entertainment, and we believe these retail sales levels
surpass any movie or music launch to date," Strauss Zelnick, chairman of
Take-Two, said in a statement.