Not content with utilising their vast cash savings to finance and invest in a merger between developers and Bioware, speculation has it that entertainment venture capitalists Elevation Partners have reportedly been eying US games publishing giant as well. Take-Two is of course the parent of Games, home to the series, one of the world's most potent gaming properties. Elevation were previously involved in a bid for publisher Eidos, before being gazumped by SCI. U2 singer Bono is one of the investment firm's owners, as is a former bigwig.

Speculation has mounted surrounding Take-Two in coming months, with investigations into the firm on-going surrounding earnings re-statements, which have impacted the publisher's share price and caught the interest of regulators. The publisher is also said to be using cash reserves at an alarming rate, though the company is still valued at upwards of one-billion USD. Do Elevation have such funds at their disposal? Their previous deals were certainly of the much smaller variety, but regardless they may not be the only firm casting an eye over Take-Two, merely the only organisation named to-date. We'll keep you informed as we learn more on this speculation.

Source: 1UP.com

By Luke Guttridge

Comments

You can use BBCode

No comments here yet. Be the first and use the form on the left!