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Viacom looking at Take-Two buyout, says rumour

Wednesday, 6th February 2008 16:40 GMT By Patrick Garratt

According to this, Viacom boss Sumner Redstone has expressed an interest in buying Take-Two. The author of the report goes to lengths to assure readers this is a rumour.

“Viacom wants a piece of the game publishing pie,” said the piece. “They have been buying some gaming assets over the past couple of years and recently struck an interesting deal with Microsoft that included a gaming component. Not to mention Redstone’s personal investment in Midway Games.”

The author reckons Take-Two market fortunes are about to turn, and those shorting the stock should be wary.

“By the way, I’m showing a close to 40% short interest in TTWO,” said the writer. “With buyout rumors starting to swirl, I suspect at least some of the shorts will start feeling uncomfortable.”

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