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A weird rumor has been going around since this morning that could have major implications for the video game industry. Per this source, MarketWatch, citing Wedbush Securites' technology head Joel Kulina (who is not a journalist, so take this with salt), is claiming that Sony has been holding "advanced talks" with Take-Two Interactive of a potential acquisition. This would give Sony ownership of a plethora of video game IP including the Grand Theft Auto series, the Red Dead franchise, the NBA 2K franchise, WWE Video Games, publishing rights to the Borderlands series, Civilization and the Bioshock series, among other games.
Nothing has been confirmed thus far, and I have reason to believe this is BS considering such an acquisition would be costly for Sony (Take Two's stock price is far higher than Sony's, and the source says the deal will be paid for with mostly cash, meaning lots of debt). Plus there have been plenty of rumors of first-party developers buying third-party developers that have never come to fruition.
Despite this, both companies' stocks have been soaring in the wake of the rumors.
That being said, what are your thoughts?
Edited by Mario1995 on Mar 13th 2019 at 3:27:58 PM
My thoughts are the same as with the Disney/Fox deal but to a lesser extent. This sounds a bit too close to monopoly for my taste.
It seems the rumor may have just been unconfirmed market speculation.
Ugh, stock markets are the worst.
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