Rumor: Sony In Talks to Acquire Rockstar Games Parent Take-Two Interactive

Sony Take Two Interactive

Sony Take Two Interactive

A MarketWatch report by Sue Chang and Chris Matthews quickly ran with the information, including line in their report saying "Take-Two Interactive Software stock climbed 4.7% on rumors that Sony Corp". He refuted his comments about the rumor.

That said, this should be treated as pure speculation for now with enough buckets of salt to start your own road gritting company.

"There is nothing behind this story that I've seen", Kulina told GameSpot. He speculated that someone acquired a trading note he wrote and asserted that he did not give any phone interviews on the subject. "In terms of timing, [Take-Two] stock was well up before his email went out, so it was not his dissemination of the rumor that sparked the move", Matthews tried to make clear that their article was not what caused the sudden jump for Take-Two, but rather was a response to it, looking for an explanation for the increase.

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Original story: Sony may be looking to expand its portfolio.

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.

As noted by VG247, this isn't the first time a potential Take-Two acquisition has been on the cards. Market Watch is reporting that stock in Take Two interactive is up following speculation that Sony is in "advanced board level discussions to acquire [the publisher] in a mostly cash deal". This would lead shares being $130 each, according to Joel Kulina, who is head of technology and media trading at Wedbush Securities, an investment firm based in Los Angeles. However, it would be a roundabout way for Sony to own Agent, the lost and canceled Rockstar game that was announced at E3 2009 as a PS3 exclusive. For example, rumors flew around in early 2018 about Microsoft buying EA, which never came to fruition.

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