The head of Take-Two stated that he does not intend to follow in EA's footsteps and look for a buyer for the company
Recently, Take-Two Interactive's CEO, Strauss Zelnick, has been actively giving interviews. Among other topics, he spoke with Bloomberg and discussed the hypothetical acquisition of his company.
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During the conversation, the Bloomberg journalist asked Zelnick if he was considering selling Take-Two. The reporter reminded him that recently "the two biggest competitors" of Take-Two ceased to be private—though the companies weren't specified, it's likely referring to Electronic Arts (EA), which was bought for $55 billion by an investor consortium, and Activision Blizzard, which became part of Microsoft.
In response, Zelnick denied such a development. He explained that Take-Two does not need to become part of another structure to be successful. It has long proven its ability to operate well as an independent entity and sees no need to give up that status.
Zelnick believes that selling a larger company makes sense primarily for organizations with annual revenues below one billion dollars. He noted that they usually have a harder time finding money for game development and marketing, as well as dealing with the aftermath of unsuccessful releases. However, for more profitable companies like Take-Two, such a merger doesn't provide noticeable advantages.
It is worth noting that any potential buyer of Take-Two would have to spend a considerable sum to acquire it. At the time of writing, the company's market value is estimated at $42.5 billion.