Take-Two Interactive shares surged as much as 9.4% in pre-market trading Wednesday, as investors received the first confirmation that the next installment in the Grand Theft Auto franchise is on the horizon.
The current release of the game, "Grand Theft Auto V," is the second best-selling game of all time by units sold after-subsidiary Mojang's Minecraft. It's developed by Take-Two subsidiary Rockstar. Rockstar's franchises, which include Grand Theft Auto but also Red Dead Redemption, have helped fuel Take-Two's share price growth and $23.16 billion market cap.
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