Sony Says There Is “No Truth” To Take-Two Acquisition Rumours

Reports emerged yesterday that Sony was in advanced talks to purchase Take-Two Interactive, the parent company of publishing labels 2K Games and Rockstar, after industry analyst Joel Kulina of Wedbush Securities claimed that Sony was looking to acquire the publisher in a mostly all-cash deal.

Many people were quick to point out how unlikely it seemed, and it seems Sony has now confirmed that no such deal is in place, putting the short-lived rumours to rest. Yuji Nakamura, tech reporter at Bloomberg, recently took to Twitter to state that Sony has confirmed that there is “no truth” to rumours regarding their supposed acquisition of Take-Two Interactive.

Take-Two has stated in the past (and quite recently, in fact) that it wants to have a presence in as many places and on as many platforms as it can, and being bought out by Sony and thus going exclusive would have been the exact opposite of those intentions. Combine that with just how unlikely the very premise of the rumoured deal was to begin with – especially considering the alleged “all-cash” arrangement – and it’s not surprising at all that Sony has quickly moved to quash these reports.

Everyone including Wedbush already knew this, but here you go for the record: Sony confirmed to me there's "no truth" to reports that it will acquire Take Two

— Yuji Nakamura (@ynakamura56) March 14, 2019