The Wall Street Journal: Take-Two shares jump on news of ‘Red Dead Redemption 2’

Take-Two Interactive Software Inc. confirmed it would release a “Red Dead Redemption” videogame next fall after investors drove up the company’s shares 5% Monday on earlier hints that the announcement was imminent.

Without a new installment of Take-Two’s TTWO, +0.54% biggest franchise, “Grand Theft Auto,” on the horizon, gamers reacted positively to Twitter posts from the company’s Rockstar Games studio teasing the return of the series. One tweet posted Sunday featuring artwork from the franchise garnered 61,000 retweets within an hour.

“It’s a positive indicator that there’s this much excitement about a game coming out next year,” said Macquarie Securities analyst Ben Schachter.

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