18.1 C
Delhi
Friday, January 16, 2026

Take-Two CEO on EA’s $55B Sale as GTA 6 Delayed to 2026

Key Takeaways

  • Take-Two CEO comments on EA’s potential $55 billion sale to Saudi-led consortium
  • GTA 6 officially delayed to November 2026 for additional polish
  • Rockstar faces controversy over employee terminations in the UK

Take-Two Interactive CEO Strauss Zelnick has responded to Electronic Arts’ pending $55 billion acquisition by a Saudi Arabia-led investor group, expressing uncertainty about how the deal might reshape the gaming industry’s competitive landscape.

During Take-Two’s latest earnings briefing, Zelnick acknowledged that EA going private could potentially benefit his company but emphasized it’s too early to predict the outcome. “We’re always running scared around here,” Zelnick told Gamespot. “Arrogance is the enemy of continued success.”

Competitive Landscape Shifts

If the EA acquisition closes in 2026 as expected, Take-Two would become the last major publicly traded video game company in the American market. An analyst noted this significant shift during the earnings call.

Zelnick told The Game Business that EA’s potential privatization might give Take-Two “a bit of room from a competitive point of view” but cautioned against overestimating the advantages. “We wish our competitors well. A good business is well served by having powerful players, not just one powerful player,” he stated.

The CEO emphasized that regardless of market changes, Take-Two’s focus remains on creating “the very best entertainment on earth.”

GTA 6 Delayed to November 2026

Take-Two’s earnings report confirmed another delay for the highly anticipated Grand Theft Auto 6. The game’s release has been pushed from Fall 2025 to May 2026, and now to November 2026.

Rockstar Games apologized for the extended wait, explaining: “We are sorry for adding additional time to what we realize has been a long wait, but these extra months will allow us to finish the game with the level of polish you have come to expect and deserve.”

Employee Termination Controversy

Rockstar Games faces additional challenges following the termination of several UK employees. The company described the dismissals as related to “gross misconduct” involving leaked company information.

However, UK’s labour union has contested this explanation, claiming the employees were actually terminated for attempting to unionize.

Latest

The Hidden Human Cost of Aggressive Business Targets

Explore why management strategies focused solely on outcomes, like 10-minute deliveries, are causing burnout and are unsustainable for long-term business success.

Zomato’s Viral Job: Rs 25 Lakh Salary for 1-3 Years Experience in Bengaluru

A Zomato job listing offering Rs 25 lakh salary, Rs 20 lakh ESOP, and daily food credits for a role needing just 1-3 years experience goes viral, sparking debate.

Rising Memory Chip Prices Threaten Profits for Apple, HP, Dell

Morgan Stanley warns investors as increasing DRAM and NAND flash costs squeeze margins for major tech hardware companies, reversing a years-long tailwind.

Mumbai Markets Closed for BMC Elections, Zerodha CEO Calls It Poor Planning

Zerodha CEO Nithin Kamath criticises weekday market closure for Mumbai elections, highlighting economic costs and missed trading opportunities as Asian markets rally.

Supreme Court Rules Against Tiger Global in Flipkart-Walmart Tax Case

SC rejects Tiger Global's tax exemption claim on $1.2 billion Flipkart sale, ruling it a shell company. Landmark decision impacts foreign investor taxation.

Topics

Doctor’s Viral Senate Testimony: “Biologically, Men Cannot Get Pregnant”

Dr Nisha Verma's exchange with a US senator on pregnancy and gender terminology goes viral, highlighting post-Roe reproductive rights debates.

Trump Nominated for Nobel Peace Prize Over Abraham Accords Role

US lawmaker nominates Donald Trump for the Nobel Peace Prize, citing his historic role in brokering the Abraham Accords. This marks his fourth nomination.

US Lawmaker Calls Pakistan a Failed State, Contrasts with India

Congressman Rich McCormick's speech contrasts India's investment role with Pakistan, which he accuses of harbouring terrorism and being a Chinese client state.

UGC Proposes 1 Counsellor per 500 Students, Mental Health Centres in Colleges

New UGC draft mandates mental health centres & a fixed counsellor ratio in all Indian colleges to support student well-being and equitable opportunity.

Why Pune is Called the Research Capital of India

Discover how Pune's unique ecosystem of top universities, national labs, and industry R&D earned it the title of India's research capital.

China’s Top Universities Outrank Harvard in Global Research Output

Nature Index 2024 reveals Chinese universities surpass Harvard in research share, signaling a major shift in global science leadership driven by decades of investment.

Michael Bloomberg Warns White House Fed Attacks Are Dangerous Overreach

Billionaire Michael Bloomberg says White House criticism of the Federal Reserve threatens economic stability, could trigger recession, and must stop.

India-Germany Trade Hits €30 Billion: A Strategic Partnership Evolves

Record trade sets the stage for deeper India-Germany collaboration in green tech, AI, and resilient supply chains as global dynamics shift.
spot_img

Related Articles

Popular Categories

spot_imgspot_img