Will Sony Acquire Take-Two? Take-Two Interactive Software’s Stock Shares Jump

A few hours ago, the gaming world went crazy when hearing about Sony thinking of acquiring Take-Two Interactive. This was only a rumor that was released by a MarketWatch report on the stocks in the US. Here is what the short report says about Take-Two and Sony:

Take-Two Interactive Software TTWO, +6.88% shares jumped 6.9%, its best day since October 2018. Joel Kulina, head of technology and media trading at Wedbush Securities, referenced rumors about potential takeover interest from Sony Corp. SNE, +0.76% in a note to clients.

But as with all rumors, we must treat them as they are: only rumors. As a reply to the report, Take-Two stated that, as a practice, they do not “comment on rumors or speculation.” Sony hasn’t yet responded to this rumor.

Only Rumors, “The Source” Replies

However, Kulina stated that he was not the source of the story and that he didn’t make any statement:

I am not the source of this story in any regard. And not sure who quoted me as I didn’t speak with anyone over the phone (unless someone saw a trading note that I wrote).

Games Industry Biz‘ Brendan Sinclair believes that whether Sony will buy or not Take-Two Interactive for $130/share, the rumors and speculations were only based on “accounts of people passing along what they have heard.”

We’ll have to see if Sony intends to acquire the company or not. One thing is true: there could be interest in buying the company that owns GTA, Red Dead Redemption and other popular franchises.

And still, why would Sony want to buy it, since GTA games are already available on the PS4? Would they plan to make the future games exclusives? And if yes, wouldn’t they have a smaller user base and less success, considering not all gamers play on a PS4? So many questions, so little answers!

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