Yes, but companies don't invest HUGE money in divisions which are not their core business. The argument about Microsoft being the richest in town falls flat from the very moment they are not the top videogame producers and half their titles are medium-tier games at best.
Microsoft has been around in the videogame business for 3 gens and they have not invested as big as they are as a company so it's delusional to even suggest that they might buy 2K, at least as delusional as Sony buying it.
To me these large acquisitions in an up market are heavy risk, I think what makes TTwo more interesting is that their off their highs by quite a lot after RDR2 in the Fall. To me something medium size and more able to turn on a dime, say something like From Software and/or even Insomniac might be better fits at much reduce prices for Sony. I could see From Software if their new game does subpar, we're talking probably a tiny fraction of a TTwo deal. Just not sure why there is mad rush at the top. LOL
But I agree with you, I mean just because one can buy some studios doesn't mean you can manage them, which has been a huge issue with Microsoft. Buying things is easy for MS, they have lots of cash.
EA has a few more bombs and that share price is going to hit some rock bottoms. EA to me is basically worthless to a third party, imo. TTwo more value.
I'm not sure why Sony needs too many more studios, they have more good games than anyone right now, generally speaking.... they just keep rolling.