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NEW YORK – Rockstar Games, the renowned video game publisher behind the Grand Theft Auto and Red Dead Redemption series, has officially acquired Sydney-based development studio Video Games Deluxe (NYSE:DLX). The Australian studio, which collaborated with Rockstar on several projects, will be rebranded as Rockstar Australia.
This move comes after a longstanding partnership between the two companies, with Video Games Deluxe having worked on notable titles such as the 2017 re-releases of L.A. Noire and its VR Case Files, as well as recent upgrades to Grand Theft Auto: The Trilogy – The Definitive Edition across various platforms.
Jennifer Kolbe, Head of Publishing at Rockstar Games, expressed enthusiasm for the acquisition, highlighting the successful history of collaboration between Rockstar and Video Games Deluxe. Brendan McNamara, founder of Video Games Deluxe, echoed this sentiment, stating his team’s excitement to join Rockstar Games.
Rockstar Games, a subsidiary of Take-Two Interactive Software (ETR:SOWGn), Inc. (NASDAQ:TTWO), has established itself as a leader in the gaming industry with a portfolio of bestselling titles. The company’s acquisition of Video Games Deluxe is expected to bolster its development capabilities and expand its presence in the Australian market. Take-Two, with a market capitalization of $37.4 billion and annual revenue of $5.45 billion, has seen its stock surge nearly 36% over the past six months, reflecting strong investor confidence in its growth strategy.
Take-Two Interactive Software is a global developer, publisher, and marketer of interactive entertainment for various platforms, including consoles, PC, and mobile devices. The company distributes its products through an array of channels, including physical retail, digital download, online platforms, and cloud streaming services. According to InvestingPro data, analysts maintain a bullish outlook on TTWO, though the stock currently trades above its Fair Value. For deeper insights into Take-Two’s valuation and growth prospects, including 12+ additional ProTips and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro.
The information for this article is based on a press release statement from Take-Two Interactive. As with all corporate acquisitions, the integration of Video Games Deluxe into Rockstar Games will be subject to the standard regulatory processes and approvals. The terms of the acquisition were not disclosed in the press release.
In other recent news, Take-Two Interactive has received significant attention from analysts and investors following its latest earnings and projections. The company reported third-quarter net bookings of $1.37 billion, driven by the success of NBA 2K, despite some weaker performance in its mobile gaming segment. Analysts from TD Cowen maintained a Buy rating with a $211 price target, noting the stability of Take-Two’s fiscal year 2025 bookings and the potential impact of the upcoming Grand Theft Auto VI release in Fall 2025.
Benchmark analysts raised their price target for Take-Two to $225, citing strong third-quarter results and the anticipated releases of major titles like Borderlands 4 and GTA 6 as key growth drivers. DA Davidson also initiated coverage with a Buy rating and a $250 price target, emphasizing the strength of Take-Two’s intellectual property and its robust release schedule for 2025. Oppenheimer maintained an Outperform rating with a $215 target, highlighting the company’s steady fundamentals and the promising outlook for fiscal years 2026 and 2027.
Mizuho (NYSE:MFG)’s Jordan Klein continues to recommend Take-Two as a top non-AI stock pick, noting the company’s potential for significant upside. DA Davidson’s Wyatt Swanson expressed confidence in Take-Two’s ability to grow net bookings by more than 40% year-over-year in fiscal year 2026. These recent developments underscore a broadly positive sentiment among analysts, with expectations of continued growth and market share expansion for Take-Two Interactive.
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