- Wedbush Morgan Securities analyst Michael Pacther
said that sports games, not Grand Theft Auto alone, provide the impetus for EA's offer to purchase Take-Two.
"EA is in a unique position to purchase Take-Two, but I didn't think they would," admitted Pachter.
Speaking to GamesIndustry.biz, he said that he thought it would be cheaper for EA to compete with Take-Two and force them out of the sports business.
The media may think of Take-Two mainly in terms of GTA, but there is more to it than that.
"In fact, GTA is worth a ton, but probably less of a driver in this acquisition than everything else," he said.
For starters, there are no guarantees that EA will be able to keep the creative talent behind GTA in place. Pachter pointed to EA's experience with the Medal of Honor team that left the franchise and went on to create Call of Duty.
"I would really be surprised if the Rockstar North guys all go to work for EA," he said, suggesting that it may not be their style.
"The part of the acquisition that has really low risk is sports. You know for sure if EA buys Take-Two they will not have two separate teams making two NBA games...That will all get consolidated."
With competition from Take-Two, EA has had to cut the price of its...