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Take 2: Industry consolidation is ‘inevitable’

Ben Parfitt
Take 2 is just one of a number of companies whose stock price has risen amid the mounting speculation of further mergers and takeovers in the light of the Activision-Blizzard deal – and now CEO Ben Feder has stated that further industry consolidation is as near as certain.

Speaking to Reuters, Feder said: "I do believe that consolidation ultimately is inevitable. Video-game development is not getting any cheaper. It's a capital-intensive business, and I don't see that going away. That will drive some of the smaller competitors out."

Take 2 shares have risen 8.7 per cent since the Activision-Blizzard news.

However the publisher’s chairman Strauss Zelnick recently insisted that he has no intention of selling the publisher. Whether recent happenings will have any effect on that will remain to be seen.

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Tags: ben feder , games industry consolidation , take 2 consolidation

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