Rumors regarding Sony acquiring Take-Two Interactive have now been debunked. It all started with some baseless market speculation. Take-Two Interactive Software is the parent company of Rockstar Games and 2K games. Earlier today, rumors started to come in that Sony is in talks with Take-Two Interactive Software for a possible acquisition. The rumors suggested that Sony is interested in buying Take-Two interactive.
The rumors started with Wedbush Securities analyst Joel Kulina by saying Sony is in “advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal.”
Then, after a few hours, Joel Kulina told GameSpot:
[…]there is nothing behind this story that I’ve seen.
No one has found a source. Market chatter refers to simply what we hear on trading desks–happens daily, just more surprised this has gone viral like it has.
He later released another statement to call such speculation baseless.
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).
In all of this, there was not but one confirmed news. It was all due to accounts of people passing along what they have heard. This happens all the time in stock markets. There was no way to get positive confirmation of the original claims.
Take-Two is famous for Rockstar Games, the developer behind the Grand Theft Auto series as well as 2K, which is famous for its various sports franchises. The company is also affiliated with games such as the Borderlands series.
While such a deal is highly unlikely to take place, if it does it would mean exclusivity of the rumored Bully 2, GTA 6, and other Rockstar Games to PlayStation. Take-Two makes billions from these IPs and selling to Sony is likely to significantly shrink profits.