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Sony Says That There Is “No Truth” In Rumors of a Take-Two Interactive Acquisition

The internet was buzzing about a possible deal being in pipeline for Sony PlayStation and GTA publisher Take-Two Interactive, which was linked to an increase in their stock price. This has turned out to be false as per an official comment made by Sony.

This crazy rumor started to spread after a quote by Wedbush Analyst was misinterpreted as Sony PlayStation in talks with Take-Two Interactive for a possible acquisition that would be entirely cash-based deal valuing at roughly $14 billion.

In a statement provided to Bloomberg Tech Reporter Yuji Nakamura, Sony has shared a comment on the recent rumors about a possible acquisition adding that there is “no truth” to this rumor.

Take-Two Interactive stock surged after Gearbox Software teased a new Borderlands that will be revealed at the upcoming PAX Boston event. They are apparently teasing Borderlands and another game announcement at the event, and this led to rumors around Take-Two Interactive and their stock surging across the course of the day.

MarketWatch reported that this surge in stock is related to the rumors that Sony is eyeing the company in a possible deal even though it was mostly speculation. All of that led to an increase in the company’s stock price even though the logical explanation here is the new Borderlands, which is a multi-million selling game.

Source (via Twitter)

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Ali Haider

Ali Haider loves to dabble in multimedia projects. He has a passion for editing and managing YouTube videos and loves writing in his spare time.

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