Or not. It’s just an unconfirmed rumor from an unreliable source. It sounds amazing though.
Or not. It’s just an unconfirmed rumor from an unreliable source. It sounds amazing though.
MarketWatch published a market report today, covering a bunch of topics. The report mentioned that there are rumors of Sony Corps. being “in advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal”. The analysts calculated that the price of the purchase would be $130 per share.
Gamesindustry.biz tried to contact Sony, Take-Two, the analyst who was quoted in the report, as well as the writers of the report. Apparently, the whole rumor relies on the words of Joel Kulina – head of technology and media trading at Wedbush Securities. This is what he said to Gamesindustry:
“This is purely unconfirmed market speculation that is making the rounds. 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).”
So, is this deal happening? Honestly, it’s not confirmed and we can’t tell for sure. But if you think about it, it makes a ton of sense. With modern market obsessed with battle royale games and streamers, Sony seems to be the last place on Earth heavily investing in hardcore, old school big budget games. This is the company behind Last of Us: Part II, Days Gone, Spider-Man, God of War, Horizon Zero Dawn. Is there a better home for properties like GTA and Red Dead Redemption? It makes total sense also in the sense that Take-Two so far wasn’t able to make RDR2 Online as successful as GTA V Online.