[Rumor] Activision may have Take-Two Interactive on its shopping list

Posted on August 30, 2014 - 3:00pm by Patrick Breeden

Activision is interested in buying out Rockstar Games, Gearbox Software and 2K Games parent company Take-Two Interactive, if Benchmark Company analyst Mike Hickey is to be believed.

According to Hickey, both companies are interested in creating Hollywood films for their intellectual properties, and Take-Two “admires” Activision’s connections with Hollywood. Activision’s Blizzard Entertainment wing is current tied to Hollywood with its upcoming film Warcraft.

“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.

According to Hickey, Activision would have the strongest development team in the world if it were to acquire Take-Two.

“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 said.

The reports between the two companies caused a four percent drive in stock for Take-Two yesterday. The company experienced a six-year high in stocks last month when it reached 23.67.

But no deal is on the table yet – as far as we know. Electronic Arts attempted to buy out Take-Two back in 2008 with a $2 billion offer. Take-Two rejected the offer, stating the offer undervalued the company. EA initially stopped pursuing Take-Two in September, 2008.

Such an acquisition would be huge for Activision. The company would get its hands on Borderlands, Bioshock, Grand Theft Auto, Red Dead, Bully, 2K Sports and plenty more. But would you consider that a good thing? Would you rather Take-Two remain on its own? Here’s your chance to discuss this rumor.

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