Take Two now publishers the National Basketball Association 2K series. Take-Two is most notably the parent company of 2K Games and developer Rockstar Games and owns some of the most profitable IP in the video game industry such as National Basketball Association 2K and Grand Theft Auto just to name a few. Grand Theft Auto and Red Dead Redemption aren't about to become PlayStation exclusives.
It all began with "TTWO M&A CHATTER MAKING ROUNDS...+2.5% - NO SOURCE **UNCONFIRMED**". The company is valued at around $130 per share, according to Joel Kulina of Wedbush Securities.More news: Eye check-up to detect Alzheimers disease | newkerala.com #112256
Market analysts speculate that Sony is in "advanced talks" to acquire Rockstar Games parent company, Take-Two Interactive, leading to an increase in the company's stock price. He certainly didn't directly say that Sony is in discussions to buy Take-Two. Those were leaps made by the MarketWatch article from Kulina's shorthand note.
Update: GamesIndustry.biz reached out to all those involved, most importantly Wedbush Securities' Joel Kulina, who MarketWatch cited as the source of the report.More news: Senate clears Yemen War Powers Resolution in rebuke to Trump
It was his trading note that MarketWatch writers Sue Chang and Chris Matthews referenced, with Matthews saying, "The stock shot up at the start of trade today to lead the S&P 500 and I was simply looking for plausible explanations". We're not privy to its finances, but it would be a very expensive deal even if it sells its film studio as rumors state. This doesn't totally mean that Sony isn't buying Take-Two, but it is mainly just people talking about what they have come across. It just means that the original source has a shaky foundation and that the details featured in the MarketWatch report aren't even worth reporting on as speculation.
Take-Two Interactive's stock is now up over 5%, and according to investment firm Wedbush Securities, this is due to Sony being in "advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal".More news: Brazil school shooting: Deadly attack in São Paulo