Technology content trusted in North America and globally since 1999
8,220 Reviews & Articles | 62,283 News Posts

Sony rumors of acquiring GTA/RDR parent company are wrong

No, Sony isn't acquiring Take-Two Interactive, which would've given them control of Grand Theft Auto and Red Dead Redemption
By: Anthony Garreffa | Gaming News | Posted: 4 days, 3 hours ago

No, Sony isn't buying Take-Two Interactive. Period. This news floated out as a very sloppy rumor, with Market Watch reporting that Wedbush Securities analyst Joel Kulina saying Sony was in "advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal".

 

sony-rumors-acquiring-gta-rdr-parent-company-wrong_02

 

Yeah well, that's not happening. GameSpot reached out to Kulina, who said he was frustrated over what he says was a "misquote" that had him "bombarded with calls" about his comment. Kulina said: "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".

 

No matter if the rumor was right or wrong as it saw Take-Two stock surge 7% at the time, but remember that the company also teased Borderlands 3 within the same time frame which can be tied to the Take-Two stock increasing.

 

If the rumors were true, Sony would've owned the rights to gigantic billion-dollar franchises like Grand Theft Auto and Red Dead Redemption, which are super-hot sellers on the PS4 family of consoles. Take-Two also holds franchises like NBA 2K games, XCOM, and Civilization.

NEWS SOURCES:Gamepur.com

Related Tags

Got an opinion on this news? Post a comment below!
loading