Scalper1 News
Take-Two Interactive (TTWO), publisher of the popular “Grand Theft Auto” video game series, is trading near a six-year high Friday on a report that Activision Blizzard might make an acquisition offer. Benchmark analyst Mike Hickey discussed “an emerging romance” between the two companies, which have similar goals, in a research note Friday. Take-Two and Activision Blizzard (ATVI) are interested in forming movie studios to make feature films based on their game franchises. “For Activision, acquiring Take-Two Interactive Software 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. 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.” Scalper1 News
Scalper1 News