Report: Sony Is In Talks To Acquire Take-Two

Take-Two is known for their IP’s such as GTA, Red Dead Redemption, Borderlands, & BioShock. The list can go on and on, but according to a recent report their stock has climbed and there’s interest from Sony about an acquisition.

According to a recent ResetEra post their Take Two’s stock climbed 4.7% on rumors of Sony in discussions of acquiring them. Here is the official statement below:

“Sony Corp. SNE, +0.93% “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.”

We’d take this right now with a grain of salt as it’s probably still very early until this were to happen. There’s a lot to factor in with this type of deal, but we’ll see what happens.

Daniel Ahmad also commented on this situation:

Stay tuned for more updates.

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