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Romier S

Sony in talks to acquire Take Two Interactive?

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HUGE grain of salt here but...

 

https://www.marketwatch.com/story/stock-market-poised-for-tepid-rise-but-dow-remains-under-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.

 

Wow if that happens.

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MS and Sony are just going to start gobbling up studios left and right.

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This doesn't make sense until you consider a future where content is king, hardware is diminished, and you need people to subscribe to your streaming service. 

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Follow-up reporting is that this is mostly speculation and there's no underlying sourcing so again - continue to take it with  big grain of salt until something more significant materializes. Crazy to contemplate the aftershocks of such an event happening though!

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Yeah, there's zero actual sources backing this up. stock market shenanigans.

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