Take-Two shares hit two year high

Shares in US publisher Take-Two have reached their highest point for 29 months in the wake of solid quarterly results and rumours of a possible acquisition.

At the close of play last night Take-Two shares hit the $16 mark. At the end of January that price stood at just $12.48. At the end of August 2010 they were worth just $8.30 having fallen from $9.03 at the beginning of March.

You have to go all the way back to September 2008 to find the last time Take-Two shares were worth as much as they are today. On July 10th 2005 Take-Two shares reached their highest ever point – 28.51.

Back in February 2008 Take-Two shares were again worth $16. That was the time when EA tabled its failed $26 per share offer for the publisher. In the wake of that saga its share price jumped to a peak of $26.50 by the end of the month, only to fall to below $8 by the of the year.

Earlier this month MCV revealed that high-level rumours of a possible buyout by Activision are rife in industry circles.