); }
Update 05/19/21: A spokesperson from Private Division, the American publisher owned by Take-Two, has explained the company won t be involved with future iterations of
The Outer Worlds franchise, noting that Obsidian and owner Microsoft will be steering the ship moving forward.
Microsoft has been looking to expand its stable of first-party titles for some time, having spent huge sums of cash on a variety of studios over the past few years, such as its recent $7.5 billion acquisition of Bethesda.
The Outer Worlds developer worked with Take-Two s subsidiary Private Division to publish the game. Recent remarks from Take-Two president Karl Slatoff had indicated that relationship would continue, but an update from Private Division has confirmed that Microsoft now intends to take charge of the franchise.
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Video game company Take Two Interactive saw strong bookings growth in the fourth quarter from its key franchises.
Analysts see a strong pipeline ahead and said conservative guidance from the company could point to upside ahead.
The Take-Two Analysts: Raymond James analyst Andrew Marok has a Market Perform rating on
Take-Two Interactive Software Inc (NASDAQ: TTWO).
Barclays analyst Mario Lu has an Overweight rating and $230 price target.
Morgan Stanley analyst Brian Nowak has an Overweight rating and $215 price target.
Take-Two Q4 Highlights: Take-Two reported bookings and earnings per share Tuesday that were ahead of Street estimates for the fourth quarter. Strength came from the company’s NBA2K and Grand Theft Auto franchises.
Today on Wall Street: At the start of a shift
05/19/2021 | 08:58am EDT
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Wall Street is still in the red due to ongoing fears that rising inflation will force the Fed to change its accommodative policy. Tech stocks are going down as yields on Treasury notes surge, because higher interest rates hit the value of their future profits.
Investors are eagerly awaiting the release of the minutes the Fed s April policy meeting, due later today, to get more clues about its stance on inflation, although the meeting happened before the higher-than-expected inflation figures last week.
Yesterday, Wall Street ended in the red due