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Take-Two Interactive is buying mobile gaming company Zynga for $12.7 billion, marking the latest blockbuster acquisition in a string of major deals in the video game industry. The company announced Monday that it would acquire all outstanding shares of Zynga at $9.86 a share, a 64% premium to Zynga's closing price Friday.
Take Two is a gaming company that has strong financials and are known for making their bags through micro transactions in games like NBA 2K and GTA V. As a noob in stocks and a guy who plays NBA 2K on a daiy basis, I feel its a company thats simple to understand and a wise investment choice. Would love some insights though on the company.
Take Two Interactive is the company responsible for churning out games like NBA 2K, Grand Theft Auto, and Red Dead Redemption. Their stock is down over 40% this year, and I’m wondering if it’d be a good stock to buy especially for the long-term. I personally feel like it’s been oversold, though I do expect it to remain low for the short-term.
Take Two Interactive or 2k were people that help publish incredible games like Borderlands, Mafia and even wrestling games (it all went it shits after 2k14). Hell, at one point, you could say that 2k was a publisher that made games that provided the best entertainment value out of anything in the market. Recent trends, however, have completely ...
In November, Private Division's parent company, Take-Two Interactive, acquired Roll7 and made it part of the publishing label.[12] Being part of Private Division allowed the studio to stop seeking publishers for each project as it could stick to one partner with similar values.
Tencent market cap: 843.824B USD. Take Two Interactive, could also potentially reverse merger with Sony to avoid acquisition: According to this Tweet, Tencent is raising billions of dollars to acquire a company: Then, Jez Cordon made these series of Tweets: Jez Corden: " Grand Tencent Auto hits differently for sure.
Both Gearbox and Take-Two are guilty of not reading the room. If your going to spend 20-30 minutes romping around a movie set, post it on youtube. Same thing goes with the Take-Two panel. Don't waste time talking about things tangentially related to gaming. Thankfully,Geoff Keighley leaked this before people wasted their time watching the whole ...
that is how it works. if i see a gta 6 trailer and people get excited, it will mean people will probably buy the game. i’ll buy stock because it it will generate excitement and so will other people. the more people that buy, the higher the price of a share. same goes for vice versa, the more that sell the lower the price. if the game makes a lot of profit after the trailer, the better.
But Take Two needs recurring revenue to justify their valuation. RDR2 online was a total flop. Most people complained the micro transactions were rammed down their throat and left. GTA online remained their recurring revenue cash cow. GTA6 has to be a huge success and the online mode has to be bigger than GTA:Os to justify Take Two’s ...
The official non official subreddit for take 2 interactive, or more commonly known as the parent company of rockstar games. Created Nov 4, 2022.