Why Take-Two (TTWO) Stock Is Up Today

NEW YORK (TheStreet) -- Take-Two (TTWO) was gaining 1.7% to $19.41 Monday on the news that YouTube (GOOG) is looking to acquire video streaming company Twitch.

Take-Two owns a stake in Twitch after participating in a $20 million investment round announced on Sept. 30 2013. The video game publisher stands to benefit from the reported $1 billion acquisition of the streaming service that specializes in video game livestreams.

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TTWO Chart

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"Take-Two Interactive Software, Inc. is a developer, publisher and marketer of interactive entertainment for consumers worldwide. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. It's products are designed for console gaming systems such as Sony's PlayStation 3 (PS3), Microsoft's Xbox 360 (Xbox 360) and Nintendo's Wii (Wii) and Wii U (Wii U); handheld gaming systems such as Nintendo's DS (DS) and Sony's PlayStation Portable (PSP); and personal computers including Smartphone's and tablets. It delivers its products through physical retail, digital download, online platforms and cloud streaming services. Rockstar Games is the developer and publisher of the brand, Grand Theft Auto, as well as other franchises, including L.A. Noire, Max Payne, Midnight Club and Red Dead."

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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