According to Bloomberg, Take-Two tumbled $1.37 to $23.07 at 4pm New York time, its biggest decline since November.
“There was some chatter going around that the deal might be in trouble, purely rumors,” said Cowen & Co analyst Douglas Creutz. “There's nothing factual.”
Shares in Take-Two, which will report it third quarter financial results later on Thursday, have gained 26 percent this year.