Confirmed: Take 2 is Using Cash for Acquisitions

As we noted last week, Take 2 has been raising significant sums of cash. We said, "it's going to be buying other companies". We were right.

A recent US legal filing from the parent company of GTA dev Rockstar states:

"The net proceeds from the sale of the (credit) notes will be used for general corporate purposes, which may include acquisitions and other strategic investments and the refinancing of indebtedness."

Source: Take 2