Take-Two Interactive's 'scarcity value' could send the stock higher, Jim Cramer says

Core Viewpoint - Take-Two Interactive is positioned to dominate the video game industry as its main competitors, Activision and Electronic Arts, are going private, creating a scarcity value for the company [2][4]. Company Overview - Take-Two is recognized for popular franchises, particularly Grand Theft Auto, with the highly anticipated release of "Grand Theft Auto VI" scheduled for May 2026 [2]. - The predecessor, "Grand Theft Auto V," has sold over 200 million copies since its release in 2013, making it one of the best-selling video games of all time [2]. Stock Performance - Take-Two's stock has increased by 39.6% year-to-date, reflecting positive market sentiment [3]. Industry Context - Electronic Arts announced a $55 billion acquisition deal, marking the largest leveraged buyout in Wall Street history, following Microsoft's acquisition of Activision Blizzard [4]. - With major players like Activision and EA going private, Take-Two is now the only major publicly-traded American video game company that is a pure play [2][5]. Business Performance - Take-Two recently exceeded Wall Street's estimates and raised its full-year forecast for net bookings [6]. - New player accounts for GTA Online have grown over 50% year-over-year, indicating strong engagement [6]. - The NBA 2K franchise has also performed well, with the 2025 iteration selling over 11.5 million units and daily active users increasing by 30% year-over-year [6]. Future Outlook - The anticipated success of "GTA VI" is expected to bolster Take-Two's stock, although potential delays should be anticipated [7]. - Investors are advised to view any stock price declines due to delays as potential buying opportunities [7].