3 Reasons to Buy Take-Two Stock in 2022
Just when it seemed video game stocks were in a lull following the surge in growth during 2020, Take-Two Interactive (NASDAQ: TTWO) made waves with the announced acquisition of top mobile game maker Zynga (NASDAQ: ZNGA) for $12.7 billion.
The deal is a reminder of the opportunities for top video game companies. The $175 billion video game industry is highly fragmented, where the combined revenue from Activision Blizzard (NASDAQ: ATVI), Take-Two, Zynga, and Electronic Arts (NASDAQ: EA) comprises only 12% of an industry that has grown for decades. This is an opportunity for leading game makers to make more deals that are accretive to the bottom line over the next several years, which could juice returns to shareholders. That's one reason to consider buying Take-Two this year.
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Source Fool.com
