2 replies to this topic

[PiratedTVPro]

https://www.vg247.co...o-buyout-rumor/

 

Shares in Take-Two today have climbed due to a Sony buyout rumor.

Rumors of a possible Take-Two take over by Sony have caused shares in the company to jump 5.4%.

According to a MarketWatch report (via Daniel Ahmad), Sony is currently in “advanced board level discussions” regarding the acquisition of Take-Two Interactive.  It’s said to be looking at a “cash deal,”  value the company at $130 share, per Joel Kulina of Wedbush Securities.

Going by the numbers, it would be a but  difficult for Sony to afford the buy out, unless it has found a buyer for its Sony Pictures division. We’re not privy to its finances, but it would be a very expensive deal.

This isn’t the first time news of a Take-Two acquisition has popped up over the years. The most famous of the lot, or infamous if you will, was when EA made a bid to take over  the company in 2008.

The company CEO at the time,  John Riccitiello, doggedly pushed to buy out the company with a cash bid of $26 per share, or around $2 billion. The offer was rejected by Take-Two boss Strauss Zelnick.

 

How big of a coup would this be... Could you imagine RockStar's games being exclusive to the Playstation again?

Edited by PiratedTVPro, 13 March 2019 - 01:49 PM.

[Coglestop]

Would be a pretty big shakeup for the industry.

Kind of find it funny that Sega's old sports game division might end up being owned by Sony. Don't really like the idea of loosing yet another large publisher, though.

[Steevy Maximus]

Yeah, it would be a huge deal...if Sony can scrounge up the cash.  It's been common knowledge for years that the Playstation division has been the one keeping Sony up, and Take 2 isn't a meager purchase.  Grand Theft Auto 5 continues to generate millions a year, and RDR2 has potential to make as much once the online stuff gets going.  Take 2 has the exclusive rights to WWE and the foremost NBA game on the market.  Combined with Sony's game assets, would be a HUGE increase in Sony's gaming means.  Again, GTA is the biggest money maker in the industry, and making it and exclusive to Playstation would be a HUGE boon to the platform for years.

 

But again, there is no way Sony has the on hand assets to make that sort acquisition.  The only way they might is if they can sell Sony Pictures, which hasn't been doing that well.  And with it comes some major franchises which should make it an enticing asset.  Disney isn't going to, they just got Fox.  But Apple or Netflix would benefit greatly from the purchase.  We'll see.