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

[zombiejames]

https://www.marketwatch.com/story/s...er-pressure-amid-boeing-737-8-woes-2019-03-13

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.

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HUGE grain of salt here.

UPDATE 1:

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):

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This sounds more like speculation than something concrete at this point.

UPDATE 2:

The original message was:

**TTWO M&A CHATTER MAKING ROUNDS...+2.5% - NO SOURCE **UNCONFIRMED**"

**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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[FantasticMrFoxdie]

AGENT RETURNS

 

[kennyamr]

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.

Edit:
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.

 

[Deleted member 13328]

Wat? That would be fucking insane if true.

AGENT RETURNS

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Lol, they just want to get Agent published. First post wins.

 

[Moebius]

If it happens, I hope they still release on pc.

 

[RumbleHumble]

Huge grain of salt but huge holy shit if true

 

[Danzflor]

This is gonna be the next "Microsoft wants to buy EA".

 

[Still a Gray Area]

How will MS counter? Buy Sony maybe?

 

[Starfire22]

Big if true. I will believe it when I see it though.

 

[hydruxo]

 

[modiz]

what the hell lmao. that would be crazy but of course its bullshit haha.

 

[Akronis]

oh boy I can't wait for more games to be exclusives if this happens

 

[AllThingsPurple]

Surely there is no real way this would happen?

 

[ShapeGSX]

This does not seem feasible.

 

[Tiago Rodrigues]

now this would explain their lack of studios bought this generation if they have something like this planned. holy shit!

 

[Hanbei]

BS.

 

[Morfid_Plays]

Is the source a squirrel ?

 

[Deleted member 51691]

furiously presses X

 

[Mercenary09]

No way this is real. Could you imagine if GTA, RDR, and NBA 2K became PlayStation exclusives?

 

[Smurf]

 

[Kenzodielocke]

- 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.

https://seekingalpha.com/news/3442404-take-two-rallies-5-percent-gains-amid-sony-chatter

searched, didn't find anything. lock if old and/or irrelevant

 

[dancingphlower]

That would be bonkers.

 

[Joco]

Huh? What?

 

[Baccus]

GODDAMN if they finish the deal, that'll be absolute Game Over for the competition.

 

[Deleted member 2791]

no

 

[Starfire22]

Also, GTA VI PS5 exclusive.

 

[RedHeat]

 

[ronabs]

wat

 

[alr1ght]

That would be a huge deal.

I'd rather they release their stuff everywhere, though.

 

[Deleted member 4093]

Now everybody dont become disappointed about exclusivity all at once now

 

[Barrel Cannon]

LOL, this isn't happening. I'll eat a dozen doughnuts in one sitting if it happens
Primethius m23

 

[[Sigma]]

No......freaken.......way

 

[Kolx]

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.

 

[Wintermute]

yeah no

 

[Chief Malik]

Bullshit

 

[grand]

Looks at Grand Theft Auto Online

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

 

[Unspeakable Evil]

Crazy if that happens

 

[Astronut325]

This is... huge if true.

 

[GuEiMiRrIRoW]

Sony doesn't have that much money. Pay in cash? Doubt it. A merge however could be true.

 

[kowalski]

Lol

 

[Dark Cloud]

Take Two LMAO

 

[modiz]

No way this is real. Could you imagine if GTA, RDR, and NBA 2K became PlayStation exclusives?

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well, GTA was exclusive to playstation in the past ;p
but yea this isnt happening.

 

[Baccus]

Imagine a world where Rockstar is not focused on microtransactions and multiplayer.

Man.

 

[LegendofLex]

I'd hate this

It's good that we have a contender like Take-Two making multiplatform games

 

[kenta]

Dude, what. This would include Rockstar. Cannot see this happening

 

[DrArchon]

I refuse to believe this is a thing.

This is completely insane.

 

[Knight613]

I can't imagine there is any way Microsoft would let that happen without a counter offer.

 

[NSESN]

GODDAMN if they finish the deal, that'll be absolute Game Over for the competition.

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You mean for Xbox/Google right? Because it isnt like Take two supports Nintendo anyway

 

[Gravity Insanity]

AGENT RETURNS

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Agent:

 

[inner-G]

Wow

Plz release RDR 1/2 on PC first lol

That would be huge for the console space if their output quality didn't change.