Speaking with investors during the company’s Q1 2022 earnings call, Take-Two CEO Strauss Zelnick discussed the topic of mergers and acquisitions (M&A) in the games industry. The Take-Two CEO conceded that a few opportunities were missed, obviously referring to Codemasters, which the company tried to buy before Electronic Arts swooped in and secured the deal for a whopping $1.2 billion.
Take-Two CEO Strauss Zelnick also suggested that it will be increasingly harder for smaller companies to compete going forward.
It is likely that the Take-Two CEO is not really referring to independent developers, though, as that slice of the market is stronger than ever. In all likelihood, Zelnick referred to the AA or mid-tier, which is indeed being slowly eaten by larger companies like Microsoft, Sony, Tencent, and Embracer.
Credits for the quotes go to Seeking Alpha.
