Rumor: Sony is Potentially Interested in Purchasing Take-Two According to One Investment Firm [Updated]
It's probably better if you don't get carried away believing Sony would purchase Take-Two just yet.
Well, here’s likely the wildest rumor of all of 2019 so far.
In a new report from Market Watch, it is mentioned that rumors have started swirling amongst investors that Sony could be looking to purchase Take-Two Interactive Software. Take-Two is most notably the parent company of 2K Games and developer Rockstar Games and owns some of the most profitable IP in the video game industry such as NBA 2K and Grand Theft Auto just to name a few.
According to Joel Kulina, head of technology and media trading at Wedbush Securities, Sony “is in advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal.” As a result of these rumors, Take-Two’s stock has seen a rather interesting climb recently with value increasing by 5.4% as of only this morning. That’s pretty unusual.
There’s a lot going on with this story and it would be easy to think at face value that this all is going to transpire, but I wouldn’t get too carried away just yet. We’ve heard other rumors in the past about Microsoft potentially looking to buy EA and Apple looking to buy Nintendo, and none of those acquisitions (or suggested acquisitions) ever came to fruition.
Personally speaking, I have extreme doubts that this deal would ever happen. While I can see the benefits of Sony purchasing Take-Two, I’m not sure how this deal would benefit Take-Two itself other than, well, to make a whole lot of money. As it stands, Take-Two is already one of the largest players in the video game industry. The company’s most recent high-profile release in Red Dead Redemption 2 has already shipped over 23 million copies worldwide merely four months after launch. Take-Two is doing more than fine as it is and I’m unsure of what Sony could give them that they don’t already have.
We’ll obviously update you if there are any further developments from this story but, man, what a weird thing to even ponder.
UPDATE: Turns out the roots of this entire story stem from speculation and nothing more. When the stock exchange opened this morning and Take-Two’s stock was immediately on the rise, the market was looking for a cause. Rather than pointing to Gearbox’s recent tease of Borderlands 3 as being the most likely cause, instead, speculation started taking place that Sony could be looking to purchase Take-Two. There is no root source to verify that Sony has ever looked to purchase Take-Two in any way that would deem this story plausible.