Rumours that Sony will buy Take-Two are “unconfirmed market speculation”

March 13, 2019 Rumours that Sony will buy Take-Two are now attributed to "unconfirmed market speculation."

Reports hit earlier today that Sony is seriously considering purchasing Take-Two, the parent company of Rockstar and 2K, as stock for the latter company rose 4.7%. But our dreams of Red Dead Redemption 2 PC might not be dead yet - this is looking like a bit of speculation being communicated as fact. A MarketWatch report quotes Wedbush Securities analyst Joel Kulina in saying that Sony “is in advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal.” The deal would value Take-Two at $130 per share, significantly higher than the company is currently trading - even with the current rise in price. But Kulina tells GamesIndustry.biz that “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).”

from PCGamesN https://ift.tt/2TOGevi