Take-Two is interested in acquiring new gaming companies
Take-Two Interactive doesn't engage in mergers and acquisitions very frequently, yet they are open to deals. This was shared by their CEO, Strauss Zelnick, in an interview with GamesIndustry.
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According to Zelnick, Take-Two considers acquiring teams that provide access to new game franchises, technologies, specialists, and audiences. Another important criterion is that the acquisition must positively impact the company's earnings per share (EPS).
As examples of successful deals, the top executive mentioned the acquisitions of Zynga and Gearbox Entertainment. However, he acknowledged that shortly after acquiring Zynga in 2022, Take-Two faced challenges as the mobile gaming market began to experience significant turbulence around the same time. Fortunately, these problems were eventually overcome. In any case, Zelnick emphasized that the Zynga deal had a positive impact on EPS from the very start.
Zelnick added that Take-Two is interested in companies from all segments of the gaming industry but did not specify any particular ones they might be considering.
"We don't specify which companies we are considering. Usually, we don't talk about it in advance; we simply announce the deals once they are finalized," explained the head of Take-Two.