oren.weizman

Is Cash-Rich Time Warner Shopping for Deals?

Warner just picked up a lot of bankrupt Midway games for very low price; 33 million, which is less that what a high profile game costs to develop these days. Given they have 7B to spend, ERTS at a market cap of 6B might be a bit much, but TTWO at 1B could be a good buy especially since next year TTWO will probably release a new GTA and BioShock. - real profit unlike Bebo. Of course ERTS wants TTWO as well (they bid over 2B last year) so it may lead to an interesting bidding war.

Five Opportunities To Consider Amidst This Selloff

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