Rumour - Sony in Advanced Talks to Acquire Take-Two Interactive - News
by Adam Cartwright , posted on 13 March 2019 / 4,193 Views
In what has to be one of the most surprising rumours in recent weeks, website marketwatch is reporting that shares in Take-Two Interactive (the parent company of 2K Games and Rockstar Games) have climbed on rumours that Sony are in "advanced board level discussions" to acquire the company.
Read the full quote below:
"Take-Two Interactive Software TTWO, +5.38% stock climbed 4.7% on rumors that Sony Corp. SNE, +1.04% “is in advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal,” that would value the company at $130 share, according to Joel Kulina, head of technology and media trading at Wedbush Securities."
Obviously, this rumour is to be taken with a huge grain of salt - if true, expect further updates in the coming weeks.
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If this is true, Sony could hold on to that market leadership and dominance for eternity.
The amount of money Take Two makes and can continue to make from GTA Online alone is probably more than they would ever make from whatever Sony could offer to go exclusive to their system. Then you take into account how Red Dead Redemption 2 has sold and when the next GTA comes out? Seems like they would be putting themselves at a significant disadvantage more than they would ever benefit from this.
Hence why I don't believe it.
The board will look at it based on the price per share and it's value Take two has a model were they spend lots of money on select brands and although they have made huge revenue the profit doesn't always match that ,I remember once they lost money in some of the years between GTA releases even though the games themselves were still selling great ,that has changed somewhat due to GTA online, but the board look at profit going back to shareholders more so than revenue, last year Take Two made approx 1.8 billion in revenue with profit being around 170 mill so that last figure is the important one , still if this rumor turned out to be true Sony to justify it would have to continue making the games multiplat , and make do with getting first access , another probability if this turned out true, is it could be the first salvo in acquiring content for the streaming future that one day will happen.
RIP Xbox
Be very interesting if true.
I call BS, this would be a massive risk for Sony and would cost north of 10 billion dollars. If they were actually willing to sell then MS would have probably have already attempted to outbid them.
If this does somehow ends up being true the this would force MS to react.
Confirmed not happening. https://twitter.com/ynakamura56/status/1106081686947692544
Don't see it unless Sony is planning to release games as multiplats. This looks fake.
Don't believe it.
This could VERY well happen while Sony allows T2 to release games on all platforms.
There is no way this would make business sense for Sony. If you buy Take Two, you're paying for all of their success on all platforms, then cutting out all of their non- PS business and throwing it in the trash.
I so hope this is true let it happen
It's been debunked, obvious it was not happening. Sony could not afford them.
Not sure about debunked, Kulina said "No source yet, just market chatter". He didn't say that it was fake, the market chatter could have a reason.
Aside from whether it's true or not, SNY likely could. SNY market cap is 60 billion. Take Two is 10 billion. Depends on how control over the company is divided up and who holds how many shares, but it's not impossible, just unlikely. I wouldn't be surprised, if this was true, that SNY would be taking a page out of the MS playbook and would plan to release Rockstar titles on all platforms and simply profit from it. Plus PS users would get exclusivity of some sort as a bonus to make sure the PS ecosystem remained the best place to play.
A nice scary future to live in, where you gain enough power to basically become your own Disney Empire and literally buy up all the big guppies, that were once on your level. I'd hope it never happens tbh.
Street Fighter V is on PC, despite the development being funded by Sony. Flower and Journey also made it to PC. I mean, I'll get a PS5 anyway, but this is bad..
Just having GTA and Red Dead as exclusives would devastate the competition. PS5 would rival PS2 in sales.
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