Following EA's $55 billion privatization deal, attention has turned to whether Take-Two will become the next major acquisition target. Take-Two CEO Strauss Zelnick has clearly expressed the company's desire to remain independent, stating that its current scale and financial position are sufficient to maintain competitiveness.
Zelnick stated that Take-Two's operational performance has demonstrated its ability to succeed as an independent entity. The company boasts sufficient business scale and a healthy balance sheet, meaning it currently has no need to rely on a larger organization. Take-Two's revenue guidance for the current fiscal year stands at $8–8.2 billion, with its current market capitalization exceeding $42 billion.
He also pointed out that scale is indeed valued in the entertainment industry. Companies with annual revenues below $1 billion may struggle to cover the development, marketing, and distribution costs of major titles, and find it harder to absorb the risks associated with occasional creative failures. However, once this threshold is crossed, further expansion does not necessarily guarantee higher success rates.
EA previously attempted to acquire Take-Two in 2008 but abandoned the effort after Take-Two rejected the offer and EA refused to raise its bid. In 2019, rumors also circulated about Sony potentially acquiring Take-Two, but these were ultimately regarded as unconfirmed market speculation rather than formal offers. Zelnick's recent comments do not announce any transaction; instead, they reaffirm Take-Two's ability and willingness to remain independent.