Rumor: Sony Is Preparing to Buyout Take-Two Interactive

Remember Red Dead Redemption 2 and it’s developer Rockstar? Well, what if Sony attempts to buyout Rockstar’s parent company and makes the next Grand Theft Auto title a PS5 exclusive? Although it sounds impossible but at least for now, speculations are pointing to possibility of this mind-blowing idea.

According to a report published by Market Watch, Sony is in “Advanced board level discussions” in order to take over Take-Two Interactive, which is the parent company of Rockstar, 2K Games and Ken Levine’s Ghost Story Games.

Main source of the rumor is Joel Kulina, head of technology and media trading at Wedbush Securities, who pointed to the possibility of this acquisition by Sony in his advice to the clients.

While the last offer for the buyout of Take-Two was 26$ per share and got rejected, it’s being said that the company’s value is 130$ per share now, regarding a 5.4% jump after the rumor gone viral.

Regardless of all the speculations, the most famous attempt for acquisition of Take-Two Interactive reminds us that of Electronic Arts offer back in 2008 which ended up in failure.

Follow daily news on Gaming Instincts and we will update you on this rumor as we get new information.