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There could be more acquisitions in the industry, according to Strauss Zelnick, CEO of Take Two. Even the publisher might strike.
Take Two Strauss CEO Zelnick expects there will be more acquisitions after the Bethesda deal. Acquisitions are not ruled out either. “We have seen an acceleration in the M&A business. Obviously, Microsoft is acquiring Bethesda, for example, which is a significant transaction, I believe it exceeds seven billion dollars. So I think the M&A business. will continue to increase, if only because of this. Excitement for this category and the amount of capital used by large companies, “said Strauss Zelnick.
He added, “From our perspective, we have nearly $ 2.4 billion in cash. We have no debt. And we are careful to aggressively build our business as we go along. And we are using our capital to support organic growth of Take-Two “. We will also use our cash and cash equivalents to buy companies if it makes strategic sense and if such deals are profitable. “
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