Take-Two Interactive Software, Inc. (NASDASQ:TTWO) shares are trading higher Monday in sympathy with Electronic Arts, Inc. (NASDAQ: EA), which announced it will be acquired for $55 billion.
Investors often view large acquisitions in the video game industry as a sign of broader strength in the sector, which can lift peer companies like Take-Two. The premium paid for EA may also be boosting sentiment that other publishers could become potential takeover targets.
