Take-Two Interactive Will Buy Zynga For $12.7 Billion
Take-Two Interactive Software Inc (NASDAQ:TTWO) has announced the purchase of Zynga Inc (NASDAQ:ZNGA) for $12.7 billion. It is believed to be one of the biggest acquisitions in the video game industry. Q4 2021 hedge fund letters, conferences and more Take-Two Interactive - Zynga DealAs reported by CNBC, Take-Two Interactive —creator of GTA— is set to buy all outstanding shares of FarmVille creator Zynga at $9.86 a share, a “64% premium to Zynga’s closing price Friday.” The stock of the social game developer soared 49% in pre-market trade. In a press release, Take-Two CEO Strauss Zelnick said: ...