Rumor: Activision Looking To Acquire Take-Two Interactive
Activision Publishing, Inc. is interested in making an offer to acquire Take-Two Interactive Software, Inc., according to a recent report.
According to Benchmark analyst Mike Hickey’s research note, both publishers are interested in forming movie studios to make feature films based on their popular game franchises.
“For Activision, acquiring Take-Two Interactive would be a no-brainer, in our view, circling some of the strongest development talent and owned IP in the world, within a company that has nearly $1 billion in cash and trades at a comparably lower multiple,” Hickey said.
Hickey describes this acquisition as “an emerging romance” between the two mega publishers.
Take-Two admires Activision’s “deep connections to Hollywood” and its capabilities in making massively multiplayer online games, such as ‘World of Warcraft’ and ‘Diablo.’
Take-Two owns Rockstar Games (Grand Theft Auto, Max Payne, L.A. Noire, The Warriors, Bully, Manhunt, Midnight Club, & Red Dead games) and 2K Games (Borderlands, Civilization V, & NBA2K)
“With the acquisition of Take-Two Interactive, Activision would have arguably the three strongest development studios in the world with Rockstar Games, Bungie and Blizzard,” Hickey concluded.
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