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Sony kills rumor it is acquiring Grand Theft Auto maker Take-Two

https://venturebeat.com/2019/03/14/sony-kills-rumor-it-is-buying-grand-theft-auto-maker-take-two/
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Mar 14, 2019 12:40 PM 1+ mon ago

Sony kills rumor it is acquiring Grand Theft Auto maker Take-Two

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Take-Two Interactive's stock price mysteriously rose 5 percent Wednesday on rumors that Sony was in advanced "board level" talks to buy the company for $130 a share. That would have amounted to a purchase price of $13.7 billion for the maker of blockbuster video games such as Grand Theft Auto V and Red Dead Redemption 2.

But a spokesperson for Sony said this morning that "we do not know where the rumor is coming from, but there is no such plan." And a Take-Two spokesperson said the company does not comment on rumors or speculation. Sony's comment is a rare denial of something that is outright false, and it nails the coffin on this rumor. Today, Take-Two's stock price has fallen 3 percent to $93.16 a share.

But to me, the whole episode triggers ...

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