Following the release of its Xbox console, Microsoft may be aggressively pursuing a variety of acqusitions in bringing more exclusive content to its console. According to a report in Business Week, which cites analysts\' observations, Microsoft may be particularly interested in acquiring New York-based publisher Take-Two Interactive. Officially, Take-Two Interactive could not comment, saying that the merger talks are only rumors at this point. When asked about a possible buyout, Paul Eibeler, president of Take-Two Interactive, declined to discuss any specific mergers, but did say that consolidation in the industry remains a possibility.
Analysts feel that Take-Two Interactive\'s strong lineup of products, including the critically acclaimed and highly successful Grand Theft Auto III, makes the company particularly attractive to Microsoft--especially given its stock is undervalued and trading at about $14. GameSpot will continue to follow this story and will bring you the latest developments.
Topic: Microsoft Buying Taketwo Int. (Read 823 times)