Electronic Arts hires Morgan Stanley to do its bidding
Investment banker signs on to handle EA's unsolicited buyout bid for rival game maker Take-Two. Oh, and did we mention, it's also representing Microsoft in its Yahoo bid.
Morgan Stanley is the banker representing, the investment bank confirmed Monday.
While that news alone is no big deal, consider this: Morgan Stanley is also representing Microsoft in its unsolicited buyout offer for Yahoo, which was announced a mere 25 days ago.
That's two megabillion-dollar buyout bids the premier investment banking firm has agreed to handle in the past month. And both have the potential to get mean and nasty, should the target companies kick and scream all the way to the altar.
So, this raises the question regarding Morgan Stanley, lofty fees aside:
Is Morgan a glutton for punishment?