‘Grand Theft Auto’ maker Take-Two plots its next move in a consolidating gaming industry
# Take-Two Interactive, maker of Grand Theft Auto, is staying independent while other major game companies get bought out by larger corporations and investment firms. The company plans to focus on growing its existing business for the next couple of years, but its CEO says they're already eyeing potential companies to buy down the road, likely smaller studios that make popular mobile apps. This move positions Take-Two to grab talent and games while competitors consolidate under new ownership.
Consolidation is all the rage in the video game world these days. In the past year, Ubisoft created a new gaming subsidiary with Chinese tech giant Tencent, while Electronic Arts announced a $55 billion deal led by Saudi Arabia’s Public Investment Fund that will take the company private. An industry
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