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Rumor Sony Acquiring Take-Two Interactive Causes Stock Price Jump - GS News Update

A report that Sony was contemplating an acquisition of the GTA and Red Dead parent company has proven be inaccurate.

Seemingly in response to an incorrect report that Sony was planning to acquire Take Two Interactive, the stock for Take-Two went up by 7%. The rumor started when Wedbush analyst Joel Kulina was apparently misquoted saying that Sony was in "advanced board level discussion to acquire Take-Two Interactive in a mostly cash deal." As of March 13, there doesn't seem to be any solid foundation to this rumor. GameSpot reached out to Take-Two Interactive but it declined to comment.