Rumor: Sony is Looking to Buy Take-Two Interactive

Joanna Estrada
March 14, 2019

As the news has begun circulating, Take-Two shares have begun climbing, jumping almost 5.4% since the rumor broke.

For those who might not realise, Take-Two Interactive is also the parent company of 2K Games which publishes popular video game series including Civilization, XCOM, BioShock, Borderlands, Mafia, and the 2K sports franchises.

Grand Theft Auto and Red Dead Redemption could join PlayStation's growing stable of exclusive game series if a rumoured acquisition deal goes ahead.

It all began with "TTWO M&A CHATTER MAKING ROUNDS...+2.5% - NO SOURCE **UNCONFIRMED**". Daniel Ahmad, analyst at Niko Partners, has just tweeted that Sony are in "advanced board level discussions to acquire Take-Two Interactive".

Wedbush Securities are a financial services and investments company based out of Los Angeles, California.

That said, this should be treated as pure speculation for now with enough buckets of salt to start your own road gritting company. Unless it has found a buyer for its Sony Pictures division. Those were leaps made by the MarketWatch article from Kulina's shorthand note.

The authors of the original piece stated that they had said Kulina's note was the only source they had on the rumor. The deal would value Take-Two at $130 per share, significantly higher than the company is now trading - even with the current rise in price.

Rumors of a possible Take-Two take over by Sony have caused shares in the company to jump 5.4%.

GamesIndustry.biz is careful to point out that while the original source may be overblown, this doesn't necessarily mean that the rumor is altogether false. If there's somebody in some boardroom at Sony talking about acquiring Take-Two, it's not something that anybody credibly knows anything about just yet.

According to a MarketWatch report (via Daniel Ahmad), Sony is now in "advanced board level discussions" regarding the acquisition of Take-Two Interactive.

Other reports by Click Lancashire

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