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Shares of Take-Two Interactive (TTWO) - Get Take-Two Interactive Software Inc. Report were down as chatter that Sony was in talks to acquire the game publisher cooled off.

Take-Two was falling 2.7% on Thursday after a Sony (SNE) - Get Sony Corp. Report spokesman told a Bloomberg reporter that there was "no truth" to the rumor that a buyout of Take-Two was in the works. The reporter tweeted the information at 2:36 a.m. ET on Thursday.

Shares of the gaming company, which publishes popular titles such as Grand Theft Auto, Red Dead and Civilization, spiked on Wednesday as uncorroborated speculation that Take-Two and Sony were in board-level acquisition talks made the rounds. By Thursday, those rumors had seemingly cooled. 

In early February, Take-Two's stock took a hit after it posted a weak earnings outlook. Along with other game makers, it's also come under pressure from a move by a Chinese regulator to freeze approvals of new games as it works through a backlog.

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Year to date, shares of Take-Two have fallen more than 10%.

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