Wedbush Morgan analyst Michael Pachter expects EA will own Take-Two when this buyout saga
comes to an end, but before that, there's a few more chapters to write. GameDaily
reprints the analyst extraordinaire's latest commentary where he envisions EA will increase its bid by a "modest amount" and attempt a "friendly deal." Pachter surmises Take-Two will reject the offer, especially after it recently talked about working the Wall Street corner for other opportunities
Pachter expects EA
wants this deal done before this holiday, but that Take-Two
management has an incentive to wait until after April 1, 2009, due to some stock finagling (remember, in the end, this is all about money). When all is said and done, though, Pachter believes EA will acquire Take-Two
. He expects once EA walks away from the table after the next rejection, and it proves there are no other bidders salivating for Take-Two, that all parties will meet again and work something out.