27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Sony Group Corp (NYSE:SONY) is rumored to be considering a major acquisition of Take-Two Interactive Software, Inc (NASDAQ:TTWO), a holding company behind popular game developers such as 2K Games, Rockstar Games, and Visual Concepts, as reported by the gaming sites Xfire and GameCentral.
This speculation comes amid Microsoft (NASDAQ:MSFT)'s pending $69-billion acquisition of Activision Blizzard (NASDAQ:ATVI).
See also: Is Xbox Changing Its Tune On The Activision Merger? Find Out What Xbox's Head Phil Spencer Says
The Dynamics At Play: Despite the popularity of Take-Two's game titles, industry experts suggest that the company's value is not as high as some may believe. The company has a market cap of $19.06 billion.
Nevertheless, the company's value is expected to significantly increase with the release of the upcoming GTA 6, so it'd be wise for Sony to make a move before that.
Sony has been known to voice its opposition to large-scale mergers in the gaming industry, however, the potential threat posed by Microsoft's acquisition of Activision Blizzard may be too great for Sony to ignore.
Gamer Weighs In: According a GameCentral story posted on MSN, the M&A rumor came from gamer Rythian on Twitter, who wrote: "Have it on extremely good word that if Microsoft acquires Activision Blizzard, Sony is going after Take-Two Interactive to counter it. 3 of my trusted and almost always correct sources confirmed that to me."
Have it on extremely good word that if Microsoft acquires Activision Blizzard, Sony is going after Take-Two Interactive to counter it.
— Rythian (@LumberjackRy) February 27, 2023
3 of my trusted and almost always correct sources confirmed that to me.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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