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Take Two’s CEO says they’re interested in acquiring new studios

Take Two Studios have spoken about a desire to maybe acquire a few more studios through purchase to help with their future ‘growth’ plans.

 

Take Two have had a good fiscal year in 2014. They posted net profits of $2.35 billion, with sales of Grand Theft Auto 5, the latest in that franchise, making up about half of those profits for Take Two. Thus the CEO of Take Two, Strauss Zelnick has said in a statement that while they typically prefer the ‘organic’ growth of studios internally, if there was a chance to grow the company by acquiring a smaller studio that fit with their ideals and disciplines for ‘inorganic’ growth “then [they] would absolutely do so”.

 

 

He also spoke about future plans in other areas, mainly in the way of which platforms we could look to find future games being released for. While both the Oculus Rift and Nintendo’s consoles were talked about, there doesn’t seem to be any plans to release games for either in the near future with it being “too early right now” for Oculus support and although Nintendo is still considered an important business partner there hasn’t been a lot of talk about releasing games on their platforms. He has praised Microsoft’s recent decision to unbundle the Kinect from the Xbox One too, saying that anything that “increases the installed base” is good news.
 
 
Take Two Interview is here.


May 18th, 2014 by
This entry was posted on Sunday, May 18th, 2014 at 22:49 and is filed under Gaming, General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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