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CNBC's Jim Cramer on Monday explained why he's bullish on Take-Two Interactive , saying it's set to dominate the video game space now that its top competitor is going private.
"This was an industry with three major players, but now, with Activision gone and EA going private, Take-Two's now the only major publicly-traded American video game company that's a pure play," Cramer said. "I think this is huge. Not only were some very sophisticated investors willing to pay a premium for EA, but Take-Two has real scarcity value now."
Take-Two is known for a number of popular video game series, namely the Grand Theft Auto franchise. The company is gearing up for a May 2026 release of "Grand Theft Auto VI," the