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THQ Shares Soar On Acquisition Rumors

sjohnson
7 Comments

Posted September 24, 2009 - By Stephen Johnson

THQ LogoDon't stock brokers have anything better to do than spread rumors and then give each other money based upon the rumors they spread?

Yesterday, the price of EA stock was jetting upward on rumors that it was about to taken over by Microsoft. Today's stock price rising story: THQ stock shot up 13 percent yesterday because people on Wall Street are chattering that the publishing company might be taken over by someone.

The prime takeover suspects are Time Warner and Viacom. Although, it seems to me, Viacom is more likely to be purchasing game companies than Time Warner. Warner just got finished buying out Midway, so it has already filled its quota of ailing gaming entities. Viacom is in the game space already, with MTV Games and Harmonix. Rock Band has done really well, so I could see Viacom wanting to expand it's video game offerings. THQ's lucrative properties -- UFC and WWE in particular -- might look attractive to Viacom.

Like yesterday's EA story, keep in mind: These are rumors, this probably won't happen, it's only speculation, etc.

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Tags: Videogames
THQ Shares Soar On Acquisition Rumors
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