Take-Two Interactive shares came roaring out of the box this morning, after Wedbush Morgan analyst Michael Pachter upped his rating on the videogame publisher to Buy from Hold, while maintaining his $10 price target.
The Xbox 360’s exclusive Grand Theft Auto IV add-on, “The Lost and Damned,” debuted yesterday to generally positive reviews. That’s good news for Microsoft–especially considering how much the company paid for rights to the extra downloadable episode. Seth Schiesel’s New York Times review gives you a good sense of what $25 million buys a console company these days.
Take-Two Interactive Software, the publisher of the often controversial Grand Theft Auto, has provided guidance for its fiscal first quarter ending in January and–basically–for much of the rest of 2009 that is dramatically lower than expectations. Begs the question: What would Niko do?
With games like Grand Theft Auto, Rock Band and Guitar Hero tripping over each other to license as much music as possible, at least one eagerly anticipated game is going in the opposite direction.
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