Seemingly in response to an incorrect report that Sony was planning to acquire Take Two Interactive, the stock for Take-Two went up by 7%. The rumor started when Wedbush analyst Joel Kulina was apparently misquoted saying that Sony was in "advanced board level discussion to acquire Take-Two Interactive in a mostly cash deal." As of March 13, there doesn't seem to be any solid foundation to this rumor. GameSpot reached out to Take-Two Interactive but it declined to comment.
Rumor Sony Acquiring Take-Two Interactive Causes Stock Price Jump - GS News Update
A report that Sony was contemplating an acquisition of the GTA and Red Dead parent company has proven be inaccurate.