Sony: There is 'No Truth' in Reports to Acquire Take-Two - News
by William D'Angelo , posted on 09 November 2019 / 3,084 Views
There were recent reports that Sony was looking to acquire publisher Take-Two Interactive. However, Sony speaking with Bloomberg tech reporter Yuji Nakamura says there is "no truth" in the reports.
Everyone including Wedbush already knew this, but here you go for the record: Sony confirmed to me there's "no truth" to reports that it will acquire Take Two
— Yuji Nakamura (@ynakamura56) March 14, 2019
Take-Two Interactive is the parent company of 2K Games and Rockstar Games.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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Surely it would have been too expensive.
The thought that the heads of Sony Computer Interactive (iirc) and TTwo could have a lunch to discuss friendship and sailing in the same direction is completely in the realm of reality. At a talk like that the convo could easily swing to "how much would it take?" I could see the company where pachter works taking that and trolling everyone one as per usual.
Honestly I kinda want a little bit the rumors to be real...
Honestly despite how positive it would be on paper, Sony would never recoup the cost to even break even. I did not think this had any truth from the start.
Yeah, a boon for just the company, but for everyone else?, not so much. It is obvious, but why would anyone on earth clap for a boon that benefits the company and not the end user?. I'd never say it would be a good idea in general, because only benefiting the company doesn't always mean a benefit to the consumer, especially when you're locked off, it's why I consider it a non benefit in total.
You don't think Sony would make back $15 billion dollars off of Take Two? That's probably what it would cost. That would only require one GTA V sized success. If GTA VI wasn't quite as successful, then between it and Red Dead 3 it would. You underestimate the power of microtransactions. But hell, without them they'd still at least break even. GTA V is the highest grossing entertainment property ever made in the history of any medium, be it book, comic, film, game, or otherwise. It reached a billion dollars in a day. Now sure, GTA VI would almost certainly sell less being limited to one console, but probably not much less, based on what we saw in the PS2 era, and especially if Sony also released it on PC and just made it console exclusive. It might take a few years or even a decade or two to break even, but they'd do it eventually.
Meanwhile they'd take away huge system sellers from their main competitor Microsoft. And if Microsoft is indeed partnering with Nintendo as multiple sources have confirmed, it will be a powerful partnership that Sony will need to do something big to compete with. Sony says they aren't doing this, and I'm honestly not surprised, because it's just so huge, but it's not as crazy as it sounds, and Sony might want to consider it.
I think you underestimate the way markets work. You assume everyone in the world will just up and throw away everything to just game on cone console, for one publisher's list of spammed games (yes spammed, because why stop at RDR3 when we can have RDR 10?).
You also underestimate the worst cases where MT's net you a bad rep and just don't work out well enough. I don't see Sony making back 15 billion back that easily. Sony aren't on Disney's level and aren't full of backup plans like Disney is either.
Sony isn't considering it, so that's good for the rest o the industry.
@Chazore
Considering I am clearly talking about being a good business move for Sony on paper due to all of the IPs they would aquire, and you keep trying to "disagree" by talking about the gaming industry as a whole and hence completely ignore the point behind the comment...
Yes you are missing the point for the sake of complaining.
because you seem to think that said Ip's are gods gift to man, as if you didn't see what Ubisoft did to Creed, that it had to semi-retire that franchise and figure out what went wrong (they are doing it all over again, just wait till it dries up), and assuming Sony wouldn't do the same, let alone T2 is just outright daft.
Disney has SW and even they, a behemoth of a company, is easily able to screw with a franchise so easily. Same goes with Marvel, which they also own. just because it sounds amazing on paper, doesn't always mean you'll get it right, or always do by it right. Don't assume greatness and no issues, no wrongs, don't live in such a fantasy world.
Yeah, it sounds semi "alright" on paper, but that's when you don't include any and all variables known to man, or other past examples of companies buying out and screwing up said IP's/studios.
No, I'm not. It's not all sunshine and roses. It's not factually "great" on paper, because you're purposely ignoring the fact that Sony has screwed up before and can again, ergo, the idea isn't entirely "sound". Stop claiming it's sound without issues, because that's a morons way of looking at it. be a realist and look at past history and actions in the now.
Why couldn't SNY just slap their SIE title on the start of the games and sell them on all platforms? At least until they paid off most if not all of the investment, even if it takes all of next gen to do it. At that point they could decide whether or not it's worth it to make those titles exclusive to the PS platform or continue to massively profit using competitors platforms as well. With MS trying to push XB games/services on other platforms, why shouldn't PS push back if not beat them to the punch?
Shocker
I never understood a rumour like this. Take Two is on fire, why do they need to be purchased? It made little to no sense to me.
It's a company valued at 11 billion dollars.
I am relieved!
