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.

@anthony256
Published Thu, Mar 14 2019 8:25 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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 of acquiring GTA/RDR parent company are wrong | TweakTown.com

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 SOURCE:gamepur.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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