Thursday, October 30, 2014

Jim Cramer on Why Microsoft Should've Bought Take-Two Interactive

NEW YORK (TheStreet) -- Microsoft abought Mojang for $2.5 billion in September to get its Minecraft video game.aJim Cramer, the co-manager of the Action Alerts PLUS portfolio, which has Microsoft as a holding, said Thursday the company made the wrong move. Microsoft should have bought Take-Two Interactive Software , Cramer said.aTake-Two Interactive beat on earnings and revenue expectations Wednesdayaand shares of the $1.9 billion video game producer are up over 8% today.a Must Read: Warren Buffett's Top 10 Dividend Stocks "This is an amazing, well-run company," Cramer said of Take-Two onaCNBC's "Cramer's Stop Trading" segment, andaCEO Strauss Zelnick has done a great job leading the company.a Take-Two Interactive SoftwareaTTWO data by YCharts Video games are very popular among the younger generations, he said, and they don't seem to be going away anytime soon. So if Microsoft wanted a video game company, it should have been Take-Two.a Buying Take-Two wouldn't have cost Microsoft any more than buying Mojang, Cramer asserted. Instead of getting Minecraft in the deal, Microsoft would've inherited a much larger portfolio of games includingaBorderlands, Grand Theft Auto Vaand NBA 2K15, among others.a Must Read: John Cena’s 10 Biggest World Wrestling Entertainment Rivalries Ever -- Written by Bret Kenwell Follow @BretKenwell


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