fitbabits
02-06-2006, 10:11 AM
Looks like earlier rumors of a Take-Two buyout may have a tiny bit of truth to them. Thanks to Next Generation (http://www.next-gen.biz) for the news (http://www.next-gen.biz/index.php?option=com_content&task=view&id=2200&Itemid=2).
Elevation Partners, a private-equity firm co-founded by former EA COO John Riccitiello, is rumored to be toying with the idea of a Take-Two buyout, according to the New York Post.
According to the article, Elevation has partnered up with venture capital investor Pequot Capital, which incidentally owns "a large chunk" of Take-Two shares.
Citigroup's Elizabeth Osur recently said while Take-Two wasn't necessarily a good buy for a public suitor, "a private buyer could find the assets appealing."
In November of last year, Riccitiello's Elevation merged star-developers Bioware and Pandemic in a deal estimated at $300 million. The firm also attempted to buy Eidos last year for $180 million, but failed to do so. According to the Post, a Take-Two buyout could be valued at $1 billion, including debt.
Now this would be an interesting aquisition for Elevation.
Elevation Partners, a private-equity firm co-founded by former EA COO John Riccitiello, is rumored to be toying with the idea of a Take-Two buyout, according to the New York Post.
According to the article, Elevation has partnered up with venture capital investor Pequot Capital, which incidentally owns "a large chunk" of Take-Two shares.
Citigroup's Elizabeth Osur recently said while Take-Two wasn't necessarily a good buy for a public suitor, "a private buyer could find the assets appealing."
In November of last year, Riccitiello's Elevation merged star-developers Bioware and Pandemic in a deal estimated at $300 million. The firm also attempted to buy Eidos last year for $180 million, but failed to do so. According to the Post, a Take-Two buyout could be valued at $1 billion, including debt.
Now this would be an interesting aquisition for Elevation.