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THQ stock surges amid takeover speculation

Major media company rumoured to be making a bid
Rumors that a major media company is planning to make a bid for THQ saw the publisher's shares jump 13 per cent on Tuesday.

ThinkEquity analyst Atul Bagga told the Wall Street Journal that Time Warner and Viacom "are interested in the gaming space" and could therefore be viewed as potential suitors.

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But MKM Partners analyst Eric Handler told Forbes that he doesn't expect a bid to be made for the UFC, Saints Row and Red Faction publisher in the near term.

In July, THQ posted a first quarter profit of $6.4 million on the back of a 77 per cent jump in sales.

Article supplied by Edge-Online

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// Interactive
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Read all 4 commentsPost a Comment
Never say never even with good sales of a game cost's are rising and joining forces with other's makes a stronger union not to mention the money.
Domin666 on 23 Sep '09
please dont go to viacom.. please dont go to viacom....... T_T, they f**ked up way too many games already...
KMakawa on 23 Sep '09
SELL SELL SELL !! Twisted Evil
waltyftm on 23 Sep '09
THQ have been s**t since WWF No Mercy, so it was only a matter of time since they needed this...
JuiKuen on 23 Sep '09
Read all 4 commentsPost a Comment
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