Take-Two ‘Like Being an Independent Organization’ Amid Bigger Game Acquisition – Golden News Nordic

Like most other big gaming companies, Take-Two has been part of a recent flurry of acquisition activity across the industry. Its planned acquisition of Zynga is set to close at the end of the month, and its Private Division label snapped up Roll7 late last year. But what about Take-Two? Is it possible that, like major publisher Activision-Blizzard, it could be acquired by a larger gaming corporation?

For now, that seems unlikely, based on comments made by CEO Strauss Zelnick in an interview ahead of today’s quarterly and full-year earnings call.

“We are a public company and we are here for the shareholders,” he told Golden News. “That said, our track record of creating value as an independent company is quite excellent, especially if you exclude the last three months. We think there are a lot of good times ahead and we like being an independent organization. But we are here for the shareholders.”

Zelnick also provided some context for the publisher’s recent acquisitions of Zynga and Roll7. He acknowledged the reality of industry consolidation, especially over the last six months. But he added that the rise in overall industry acquisitions wasn’t going to change anything for Take-Two, whose growth, he says, “has always been largely organic” but “has populated with some selective acquisitions in the way”.

“We are looking for creative deals that give us great intellectual property and great teams, and we will continue to do so in the future,” he said. “Without a doubt, the Zynga transaction is extremely significant for this company and we have a lot of work to do collectively to make sure we deliver value, and the focus will very much be organic growth going forward. But that won’t stop us from continuing to make acquisitions.” selective and disciplined for the Private Division and the rest of the business, including the mobile part of the business”.

See also  Gotham Knights: DC's Most Confusing Show

GTA 5 and GTA Online: PS5 and Xbox Series X/S screenshots

Zelnick also spoke with us about a few other topics, including the likelihood of Take-Two getting the FIFA license after EA and FIFA parted ways, and fans’ current frustration with the state of Red Dead Online.

Looking ahead, Take-Two plans 18 new releases for the next fiscal year, including the main titles The Quarry, Marvel’s Midnight Suns, NBA 2K23, WWE 2K23, PGA Tour 2K23 and Kerbal Space Program 2. There are also eight games for devices. Mobiles on the go. , a new 2K sports title (it’s probably an nfl arcade game), a new Private Division franchise, Tales from the Borderlands 2, and “a remake of a previously released title available for purchase.”

Rebekah Valentine is a news reporter for Golden News. You can find her on Twitter @patovalentine.


Related Posts

netflix collapses minutes after the premiere of 'stranger things 4'

Netflix collapses minutes after the premiere of ‘Stranger Things 4’

via Netflix After a really painful wait, Strange things finally returns to Netflix today. The ridiculously popular show has skyrocketed in popularity, triumphing over Obi Wan Kenobi…

redfall gameplay: welcome to redfall jeuxvideo.com

RedFall gameplay: Welcome to Redfall – jeuxvideo.com

A new trailer has landed for Redfall with gameplay. Several heroes will be available in the game with their own gameplay. You can play solo or in…

junk and treasure confused as fans name their guilty pleasure

Junk and Treasure Confused as Fans Name Their Guilty Pleasure Favorites

via 20th Century Fox There’s nothing wrong with liking movies that everyone else seems to hate. In fact, it is a basic part of the cinematographic experience…

fortnite: shop of the day july 1, 2022

Fortnite: shop of the day July 1, 2022

news tip Fortnite: shop of the day July 1, 2022 Published on 01/07/2022 at 09:57 Fortnite renews its store of temporary skins, emotes, graffiti, music and other…

mcu faithful ready to throw in debate over r rated content

MCU Faithful Ready To Throw In Debate Over R-Rated Content

via Netflix Kevin Feige was clear when he stated that Deadpool 3 going to be the exception to the rule when it comes to Marvel Cinematic UniverseThe…

ssd sales: the price of this crucial reference has fallen

SSD sales: the price of this Crucial reference has fallen very low

News good plan SSD sales: the price of this Crucial reference has fallen very low Published on 01/07/2022 at 10:00 Remember those big hard drives from a…

Leave a Reply

Your email address will not be published.