Rumor/Speculation: Market speculates that Sony could buy Take Two (SEE UPDATE IN OP)

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Oct 25, 2017

Take-Two Interactive Software TTWO, +5.30% stock climbed 4.7% on rumors that Sony Corp. SNE, +0.93% “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.
HUGE grain of salt here.


Joel Kulina:

(1)VIDEOGAMES (I’ve been bombarded with inbounds; there is still no source to this SONY/TTWO story – simply market chatter. Was incorrectly quoted):
This sounds more like speculation than something concrete at this point.


The original message was:


**TTWO (TRADING AT LEVELS LAST SEEN FEB 20 BEFORE PLUNGE SUB $90) …..hearing that Sony is in advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal. Price we are hearing is close to or just above $130 per share US…
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Oct 25, 2017
New York City, NY, USA
lol Idk man :p
I mean, anything can happen, but I really don't know.
My gut says it's not a thing, so I don't think so. We shall see.

Their market cap is around $10B compared to Sony's $60B.
The offer would be around $14B which makes it even harder.
I really think it's too heavy to handle, but who knows.

Sony does have around $13B~$14B in cash/equivalents at the moment though.
If the conversations started, let's say in January, Take Two could agree because their shareholders would be getting an immediate 30% profit from the deal.
If the shareholders don't think they can get that much profit on their own soon enough, they could totally allow the buyout.
Still too big imo.

For example, Square Enix would be an easier purchase for the mere sum of $4B~$5B; however, their management and output leaves much to be desired.
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Oct 25, 2017
- With traders jawing about a potential takeover by Sony (SNE +1%), Take-Two Interactive Software (NASDAQ:TTWO) has added to a three-day rally with gains of 5.4% today.
- Take-Two has been the subject of merger/acquisition speculation at numerous times in the past few years.
- A higher close today would be the company's fourth straight higher finish; shares are 8.8% higher so far this week.
- That's a comfortable rebound for longs who have endured a 31.2% dropover the past six months, a tough season for some sector participants.

searched, didn't find anything. lock if old and/or irrelevant
Oct 25, 2017
a deal valued at 130$ per share would mean it's around 14 billions. Mostly cash would mean something around 9-10 billions in cash. Isn't that like all the cash reserve\equivalent Sony has? There's like 99.9% chance this's BS.
Oct 25, 2017
Looks at Grand Theft Auto Online

Yeah, I'm doubting that. Companies always talking about buying each other, but it rarely happens.
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