TTWO - Analysts see more upside in Ubisoft as sale chatter gets hot

Ubisoft ADRs (OTCPK:UBSFY) are trading higher Friday - up 3.5% pursuing their third straight session of gains, and up 23% in just over a week - as analyst chatter grows about a potential sale of the family-led videogame maker. In late April, it was reported that the company had drawn some interest from potential buyers kicking the tires, including Blackstone and KKR. And Wednesday, reports had the founding Guillemot family considering teaming up with private equity to buy the company out and maintain control. The interest in a management buyout makes the previous reports about a potential purchase "more concrete," Jefferies' Ken Rumph notes - otherwise, why pursue such a defense at all? "We struggle to see how this would not open the door to bids from strategic and P-E buyers, even if hostile/resisted, both of which could offer more than a less synergistic/aggressive (respectively) MBO," he writes. The Guillemot

For further details see:

Analysts see more upside in Ubisoft as sale chatter gets hot