Rumour: Sony ‘is in advanced board level discussions’ to acquire Take-Two Interactive


2019 has been filled with so many rumours that it’s getting to a point that just about anything flies. What we are about to tell you should be consumed with a nice big helping of salt. In fact, take one more, just in case. Last night the internet went a little wild when it was reported that Sony is ‘in advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal’.

In other words, if this were to be true they would bag themselves exclusivity to 2K and the big daddy of them all, Rockstar Games. It sounds too good to be true and there’s a very good chance that it likely is. Since the rumour dropped, via marketwatch.com, it has been confirmed that there is no source for this information.

Here is the quote from the original rumour:

Take-Two Interactive Software stock climbed 4.7% on rumors that Sony Corp. ‘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.

Gamesindustry.biz reached out to Kulina and replied with the following:

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).

The two writers of the article that sparked so much interest, Sue Chang and Chris Matthews, confirmed that Kulina wrote the following note: “TTWO M&A CHATTER MAKING ROUNDS…+2.5% – NO SOURCE UNCONFIRMED

It’s all hearsay without any source. As Gamesindustry suggests, it can be completely true or it might be some drama to get the internet buzzing with excitement. To keep up to date on developments it’s probably good to keep an eye on this Resetera thread. We wouldn’t lose any sleep over it (unless it happens, then call Trevor).

Married to a gamer and she kicks my ass at most shooters. If the game is enjoyable I'll play it, no matter the format.

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