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Post by Steve Farrelly @ 03:29pm 14/03/19 | 1 Comments
And honestly, we can't take too much (oh snap) out of this, but in the wake of the Theresa May/Brexit disaster that happened over night (and the past many months), the market allegedly reacted with Take-Two somehow finding themselves in Sony's acquisition sights.

Of course, we've been here before when EA was also allegedly going to snap up Take-Two in an effort to gain full handle over Rockstar, and that wound up being very, very far from a reality. The news came by way of a number of 'sources', but we've taken stock of the report from, who actually sought clarification from those sources.
"Take-Two Interactive Software stock climbed 4.7% on rumors that Sony Corp. 'is in advanced board level discussions to acquire Take-Two Interactive in a mostly cash deal', that would value the company at USD$130 share, according to Joel Kulina, head of technology and media trading at Wedbush Securities."
That quote came from here, however, after reaching out directly to Kulina, got this:
"This is purely unconfirmed market speculation that is making the rounds," he told the site. "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)."
Ultimately, what happened was Take-Two's stock rose, but did so in the wake of the Brexit scare and the grounding in the US (and earlier, other more clever territories) of the Boeing 737 Max 8 aircrafts, after the recent aircraft failures. Instead, it's simply likely that the continued success and coverage of Red Dead Redemption 2, plus rumours of Borderlands 3 being unveiled soon drove those stock prices up, coincidentally.

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