Benchmark Talks Of Activision Bid For Take-Two Sends Shares Higher

In a note out Friday, Benchmark analyst Mike Hickey makes a case for Activision (NASDAQ: ATVI) preparing to acquire Take-Two Interactive (NASDAQ: TTWO).

Hickey said, "For Activision, acquiring Take-Two Interactive would be a no brainer, in our view, circling some of the strongest development talent and owned IP in the world, within a Company that has nearly $1 billion in cash and trades at a comparably lower multiple."

In 2008, Electronic Arts attempted, but ultimately failed, to acquire Take-Two Interactive for $26 per share.

Shares of Take-Two were up 4.14 percent, while shares of Activision were up 0.21 percent.