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Viacom not in talks to buy Take-Two

Media conglomerate Viacom Inc (VIAb.N) is not in talks to buy video game maker Take-Two Interactive Software Inc (TTWO.O), a source familiar with the matter said on Thursday, disputing reports of an offer.

Reports on the Web and a video games trade publication Web site said Viacom had offered $1.5 billion to buy the maker of the popular "Grand Theft Auto" games franchise, citing unnamed sources.

Shares of Take-Two rose as much as 12 percent on Thursday

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THE_JUDGE3270d ago

Lets try to keep the gaming companies owned by people who know about gaming and the industry!

fenderputty3270d ago

what did Sony know about gaming when they came out with the PS2? Viacom is an awesome media corporation. It's only natural that as gaming progresses, some of the bigger media corps might want in on that piece of the pie.

THE_JUDGE3270d ago

pie metaphor but if you don't remember Sony had studios developing games all the way back on the Sega Genesis. They have been in the game quite a while. I don't mind diversification I do mind Viacom. They're too big already in my opinion.

barom3270d ago

doesn't viacom own midway?