HTTP:: Time Warner and Viacom Rumored to Be Interested in THQ
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The share value of publisher THQ has grown by 13% in trading, as more rumors appeared that the company was being considered to be a ripe target for a take-over by at least two media giants. The Wall Street Journal, which knows a thing or to when it comes to business and acquisitions, was reporting that both Time Warner and Viacom were looking at THQ as being a good way to extend their presence in the gaming industry. Atul Bagga, who is an analyst with ThinkEquity, was quoted as saying that, “We do think that both Time Warner and Viacom are interested in the gaming space.†A quick look shows that both companies already have a presence in the said gaming space, even if it is not under their own name. At the moment, Viacom controls MTV Games, which collaborates with Harmonix to put out the Rock Band series of music-simulation games, while Time Warner has recently become the owner of Midway, through its Warner-Bros subsidiary. Brian Sozzi, another analyst, has told the Wa!
ll Street Journal that the two above-mentioned companies could expect to pay between 12 and 15 dollars for a share of THQ, with the current value hovering around half of that at this point in time. Still, neither Time Warner nor Viacom has commented on the story and, at the moment, a move looks unlikely. Lat...
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http://news.softpedia.com/news/Time-Warner-and-Viacom-Rumored-to-Be-Interested-in-THQ-122562.shtml
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