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Take-Two Interactive shares jumped after rumors of Sony possibly acquiring the company began circulating in investing circles.

Alissa McAloon, Publisher

March 13, 2019

1 Min Read

Update: A Sony representative has put this rumor to rest, saying in a statement picked up by VentureBeat that “we do not know where the rumor is coming from, but there is no such plan.” Original story follows: 

Shares of Rockstar Games parent company Take-Two Interactive jumped after rumors that Sony could be in talks to acquire the company began circulating in investing circles.

MarketWatch reports that Take-Two Interactive’s stock saw a 4.7 percent increase based on the rumor that Sony is currently “in advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal,” according to Wedbush Securities' head of technology and media trading Joel Kulina. 

It’d be a sizable acquisition, and one that would value the company at $130 a share according to those same sources. While just a rumor at this point, the move would significantly bolster Sony’s first-party development forces and mirror some of the efforts made by fellow console-maker Microsoft through its recent acquisitions of Obsidian Entertainment and several other studios

About the Author(s)

Alissa McAloon

Publisher, GameDeveloper.com

As the Publisher of Game Developer, Alissa McAloon brings a decade of experience in the video game industry and media. When not working in the world of B2B game journalism, Alissa enjoys spending her time in the worlds of immersive sandbox games or dabbling in the occasional TTRPG.

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