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.
BELIEVE IT!
Hermits and lemmings on suicide watch if true
From the same link, Take 2 Market Cap is 10.2B and Sony at 58.8B so Take 2 is worth just under 1/6th of Sony. If Take 2 is available, then its more likely that MSFT would purchase given their actual cash reserve and market cap of 878.28B which is roughly 80 times that of Take 2 and 15 times that of Sony. If it went to a bidding war then Sony would struggle to complete with MS, Apple, Amazon or Alphabet should they be interested in acquiring. I would also find it unlikely that Take 2 would be willing to sell to Sony or indeed MS as they are far too profitable as is.
Could also be a merger.
What benefit would that be to Take 2? They aren't short of cash and when RDR 2 Online gets going and leaves Beta then the cashflow will only increase. Also in a merger, Take 2 major shareholders would take board seats at Sony.
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