THQ Jumps On Takeover Speculation

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Shares of video-game publisher THQ (THQI) have spiked on reports that the company could be a takeover target.

TheFlyOnTheWall.com reports that the subscription-based DealReporter wrote that THQ could be a target for a media conglomerate like Viacom (VIA), News Corp. (NWS) or Time Warner (TWX), or another game maker, like Electronic Arts (ERTS). A piece on Minyanville.com, written by someone who says they own THQI shares, writes that “the rumor-mongers just might be on the money.”

Plenty of speculation, not much actual information. But that’s enough to get the stock going: THQI today is up 57 cents, or 8.6%, to $7.20.