Take-Two Interactive announced plans to acquire Zynga in 2022, but Xbox boss Phil Spencer has revealed that Microsoft seriously considered buying the mobile game giant prior to that.

While Microsoft and Sony were duking it out to see who would be crowned console king, Take-Two Interactive (NASDAQ: TTWO) made a promising acquisition to expand its business and diversify earnings.

Investors understandably worry about having missed out on Take-Two Interactive (NASDAQ: TTWO) stock. The video game developer's shares have jumped over 50% in the past year, easily outperforming ...

After all, Microsoft has expressed a high-level interest in buying Nintendo, but that deal is far from a guarantee. Take-Two had $776 million in cash and equivalents on hand as of June 30.

Microsoft, which owns the Xbox gaming system, closed its $69 billion deal to buy game-maker Activision Blizzard on Friday after fending off global opposition from antitrust regulators and rivals.

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